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Great Falls Company makes two products, Wool Gloves and Wool Mittens. They are initially processed from the same raw material and then. after split off,
Great Falls Company makes two products, Wool Gloves and Wool Mittens. They are initially processed from the same raw material and then. after split off, further processed separately. Additional information is as follows. Final Sales Price Joint Costs Prior to Split-Off Point Costs Beyond Split-Off Point Gloves $11,100 ? $ 3,700 Mittens $8,310 ? $3,700 Total $19,410 $ 9,608 $ 7,400 What are the joint costs allocated to Gloves and Mittens assuming Great Falls uses the estimated net realizable value approach? A. . C. D. Gloves $4,804 $5,480 $5,920 $6,080 Mittens $4,804 $4,128 $3,688 $3,528
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