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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: Units Product Produced W-10 64,400
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: Units Product Produced W-10 64,400 W-20 46,000 W-30 36,800 W-40 36,800 184,000 Sales Value at Split-Off $ 384,000 330,000 222,000 168,000 $1,104,000 If Processed Further Additional Costs Sales Values $ 41,400 $ 420,000 33,000 384,000 22,200 276,000 13,800 184,000 $110,400 $1,264,000 Required: Assuming that total joint costs of $518,880 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 W-10 W-20 NRV at Split- Off $ 384,000 $ 330,000 $ 222,000 168,000 Joint Costs Allocated $ 176,419 $ 155,664 $ 103,776 $ 83,021 W-30 W-40
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