Question
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 FurtherProductUnits ProducedSales Value
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 FurtherProductUnits ProducedSales Value at Split-OffAdditional CostsSales ValuesW-1060,200$360,000$38,700$393,000W-2043,000309,00030,900360,000W-3034,400207,00020,700258,000W-4034,400156,00012,900172,000172,000$1,032,000$103,200$1,183,000
Required:
Assuming that total joint costs of $381,840 were allocated using the physical quantities method, what joint costs were allocated to each product?(Do not round intermediate calculations.)
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