Question
Douglas 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
Douglas 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 40,000 $ 260,000 $ 25,000 $ 320,000 W-20 30,000 230,000 23,000 260,000 W-30 25,000 170,000 17,000 200,000 W-40 25,000 90,000 8,000 90,000 120,000 $ 750,000 $ 73,000 $ 870,000 Required: Assuming that total joint costs of $240,000 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. Round your answer to the nearest dollar amount.)
product joint allocation
w-10
w-20
w-30
w-40
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