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Exercise 11-53 (Algo) Physical Quantitles Method with By-Product (LO 11-3, 5) Lawn Products produces two products (X and Y and a by-product (Z) from a
Exercise 11-53 (Algo) Physical Quantitles Method with By-Product (LO 11-3, 5) Lawn Products produces two products (X and Y and a by-product (Z) from a joint process using a raw materiat (Alpha). The company chooses to allocate the costs on the basis of the physical quantities method. Last month, it processed 16,000 pounds of Alpha at o total cost of $92,000. The output of the process consisted of 35,550 units of product X,43,450 units of product Y, and 6,400 units of by-product Z. By product Z can be sold for $8,800. This is considered to be its net realizable value, which is deducted from the processing costs of the main products. Required: What amount of joint costs should be ossigned to each of product X and product Y
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