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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 W-10
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 W-20 W-30 Units Produced 50,400 36,000 28,800 28,800 144,000 Sales Value at Split-Off $300,000 258,000 174,000 132,000 $864,000 Additional Costs Sales Values $32,300 $328,000 25,800 300,000 17,400 216,800 10,800 144,000 $ 16,100 $983,000 Required: Assuming that total joint costs of $432,000 were allocated using the sales value at split-off (net realizable value method), what font 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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