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*Exercise 7-11 Your answer is partially correct. Try again. Kirk Minerals processes materials extracted from mines. The most common raw material that it processes
*Exercise 7-11 Your answer is partially correct. Try again. 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 $179,800 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 $39,700 60,700 79,400 Sales Value of Processed Product Spock Uhura Sulu $209,700 300,900 454,100 $110,400 85,100 249,700 $300,300 400,000 799,600 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) -20,100 $14,000 45,800 Indicate whether each of the three joint products should be sold as is, or processed further. Spock sold as is Uhura process further Sulu process further
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