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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: Split-Off If Processed Further Additional
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: Split-Off If Processed Further Additional Costs Sales Values Units Sales Value at Product Produced W-10 44,800 $268,000 $28,700 $292,000 W-20 32,000 230,000 23,000 268,000 W-30 25,600 154,000 15,400 192,000 W-40 25,600 116,000 9,600 128,000 128,000 $768,000 $76,700 $880,000 Required: Assuming that total joint costs of $268,800 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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