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Exercise 11-48 (Algo) Net Realizable Value Method (LO 11-7) Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint
Exercise 11-48 (Algo) Net Realizable Value Method (LO 11-7) 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 Units Sales Value at Product Produced Split-Off Additional Costs Sales Values W-10 57,400 $ 344,080 $ 36,990 $375,000 W-20 41,000 295,000 29,500 344,000 W-30 32,800 197,000 19,789 246,000 W-40 32,800 148,080 12,380 164,000 164,800 $984,000 $ 98,400 $1,129,000 Required: Assuming that total joint costs of $462,480 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 OM Joint Costs Allocated W-10 W-20 W-30 W-40
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