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Exercise 7-16 Granger Products produces two joint products (A and B). Prior to the split-off point, the company incurs costs of $6,230. Product A weighs
Exercise 7-16 Granger Products produces two joint products (A and B). Prior to the split-off point, the company incurs costs of $6,230. Product A weighs 31 pounds, and Product B weighs 117 pounds. Product A sells for $106 per pound, and Product B sells for $36 per pound Based on relative sales values at the split-off point, allocate joint costs to Products A and B. (Round relative sales value proportion to 4 decimal places eg.0.4525 and final answers to o decimal places.) Joint costs Product A Product B
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