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Forest Products, Incorporated manufactures three products (FP-10, FP-20, and FP-40) from a single, joint input. None of the products can be sold without further
Forest Products, Incorporated manufactures three products (FP-10, FP-20, and FP-40) from a single, joint input. None of the products can be sold without further processing. In November, joint product costs were $241,000. Additional information follows: sales values Product FP-10 FP-20 FP-40 Units Produced 96,000 $ 175,500 144,000 80,000 Required: 310,500 85,000 Processing Costs (After) Split-off) $ 29,000 109,000 25,000 Forest Products uses the physical quantities (units produced) method to allocate joint costs. What joint costs would be allocated to each of the three products in November? Product Joint Costs Allocated FP-10 FP-20 FP-40
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