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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 $150,000 was as follows: 1 Separable Processing cost Units Produced Sales Value (after addt' 1 processing) M N Total $ 17,500 $40,000 $24,500 $ 82, 000 4, 200 10,000 7,300 21, 500 $ 90,000 $87,500 $52,000 $229,500 1:58:21 The amount of joint costs allocated to product L 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 $26.892. o $48.305. O O $60,288. $73,729. o $27,966
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