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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 $ 41,400 33,000 22,200 13,800 $110,400 Sales Values $ 420,000 384,000 276,000 184.000 $1,264,000 Required: Assuming that total joint costs of $518,880 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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