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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
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 Units Produced Sales Value at Split-Off Additional Costs 57,400 $344,000 $ 36,900 Sales Values $ 375,000 W-20 41,000 295,000 W-30 W-40 32,800 32,800 164,000 197,000 148,000 $984,000 29,500 19,700 344,000 246,000 12,300 $ 98,400 164,000 $1,129,000 Required: Assuming that total joint costs of $462,480 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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