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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 Units
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 Units Sales Value at Product Produced W-10 43,400 Split-Off Additional Costs Sales Values $260,000 $ 27,800 $ 283,000 W-20 31,000 223,000 W-30 W-40 24,800 149,000 24,800 124,000 112,000 $744,000 22,300 14,900 9,300 260,000 186,000 124,000 $ 74,300 $ 853,000 Required: Assuming that total joint costs of $297,600 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.) Joint Costs Product W-10 W-20 W-30 W-40 Allocated
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