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Exercise 20-11 Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and

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Exercise 20-11

Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $180,300 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product.
Sales Value at Split-Off Point Allocated Joint Costs Cost to Process Further Sales Value of Processed Product
Spock $209,700 $39,300 $109,600 $299,500
Uhura 299,700 60,000 84,500 399,400
Sulu 455,000 81,000 249,000 801,000
Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Spock Uhura Sulu
Incremental profit (loss) $

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$

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$

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Indicate whether each of the three joint products should be sold as is, or processed further.
Spock

image text in transcribed process furthersold as is

Uhura

image text in transcribed process furthersold as is

Sulu

image text in transcribed sold as isprocess further

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