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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: Assuming that total joint costs
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:
Assuming that total joint costs of $297,600 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.)
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: t Processed Further Units Sales Value at Split-Off $260,000 223,000 149,000 112,000 Additional Costs Product Produced W-10 W-20 W-30 W-40 43,400 31,000 24,800 24,800 124,000 $27,800 22,300 14,900 9,300 $74,300 Sales Values $ 283,000 260,000 186,000 124,000 $ 853,000 $744,000 Required: Assuming that total joint costs of $297,600 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.) NRV at Split- Off Joint Costs Allocated Product W-10 W-20 W-30 W-40Step by Step Solution
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