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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 Units
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 | Units Produced | Sales Value at Split-Off | Additional Costs | Sales Values | ||||||
W-10 | 47,600 | $ | 284,000 | $ | 30,500 | $ | 310,000 | |||
W-20 | 34,000 | 244,000 | 24,400 | 284,000 | ||||||
W-30 | 27,200 | 164,000 | 16,400 | 204,000 | ||||||
W-40 | 27,200 | 124,000 | 10,200 | 136,000 | ||||||
136,000 | $ | 816,000 | $ | 81,500 | $ | 934,000 | ||||
Required:
Assuming that total joint costs of $367,200 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.)
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