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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 Sales
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 Split-off Additional costs Sales Values W-10 56, eee $336,000 $36,000 $366,000 W-20 40,eee 288,000 28,800 336,888 W-30 32, eee 192,eee 19,200 240,000 W-40 32, eee 144,000 12,080 160,000 160, eee $960,000 $96,000 $1,102,800 Required: Assuming that total joint costs of $384,000 were allocated using the physical quantities method, what Joint costs were allocated to each product? (Do not round Intermediate calculations.) Product Joint Costs Allocated W-10 W-20 W-30 W-40
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