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Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product W-10
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product W-10 W-20 W-30 W-40 Units Produced 42,000 30,000 24,000 24,000 120,000 Sales Value at Split-Off $ 252,000 216,000 144,000 108,000 $720,000 Additional Costs $ 26,900 21,600 14,400 9,000 $ 71,900 Sales Values $274,000 252,000 180,000 120,000 $826,000 Required: Assuming that total joint costs of $288,000 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) Product NRV at Split- Off Joint Costs Allocated W-10 W-20 W-30 W-40
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