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Enabled: Midterm 2 (i) Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3) Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint
Enabled: Midterm 2 (i) Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3) Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $570,000. Additional information follows: Product Units Produced Sales at If Processed 1 Further S Value lit-off Additional Costs Sales Values Chem-1 264,000 $ 200,640 $ 29,040 $ 237,600 Chem-2 176,000 264,000 28,160 288,640 Chern-3 216,000 168,480 25,920 202,500 Chem-4 144,000 244,800 25,920 270,000 800,000 $ 877,920 $1 109,040 $ 998,740 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final a
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