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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 W-40 Units Produced 64,400 46,000 36,800 36,800 184,000 Sales Value at Split-Off $ 384,000 330,000 222,000 168,000 $1,104,000 Additional Costs Sales Values $ 41,400 $ 420,000 33,000 384,000 22,200 276,000 13,800 184,000 $110,400 $1,264,000 Required: Assuming that total joint costs of $518,880 were allocated using the sales value at split-off (net realizable value method), what joint 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 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 W-40 Units Produced 46,200 33,000 26,400 26,400 132,000 Sales Value at Split-Off $ 276,000 237,000 159,000 120,000 $792,000 Additional Costs $ 29,600 23,700 15,900 9,900 $ 79,100 Sales Values $ 301,000 276,000 198,000 132,000 $ 907,000 Required: Assuming that total joint costs of $396,000 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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