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Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of
Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $140,000 was as follows: Separable Processing cost Units Produced Sales Value (after addt'l processing) L M N Total $16,500 $38,000 $21,500 $ 76,000 3,800 9,000 6,900 19,700 $86,000 $82,500 $46,000 $214,500 The amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Multiple Choice $23.691. $24.765 G $44.982 Multiple Choice $23.691 $24,765. $44,982 $56.812. $70.253
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