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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
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 $564,000. Additional information follows: Split-Off $ 229,000 273,000 If Processed Further Additional Costs $ 33,600 Sales Values $ 269,000 Product Chen-1 Chen-2 Units Produced 297,000 185,000 Sales Value at Chen-3 Chem-4 201,000 153,000 836,000 158,600 255,400 $ 916,000 27,200 279,000 $ 116,900 $ 1,036,000 30,300 25,800 299,000 189,000 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 answers to the nearest whole dollar amounts. Product Chem-1 Chem-2 Chem-3 Chem-4 Joint Costa Allocated
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