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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 Product Produced at Split-off Additional Costs Sales Values W-10 58,800 $ 352,000 $ 37,800 $ 384,000 W-20 42,000 302,000 30,200 352,000 W-30 33,600 202,000 20,200 252,000 W-40 33,600 152,000 12,600 168,000 168,000 $1,000,000 $100,800 $1,156,000 Required: Assuming that total joint costs of $352,800 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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