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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 $80,000 was as follows: Separable Processing cost Units Produced Sales Value (after addt'l processing) L M N Total $10,500 $26,000 $ 3,500 $ 40,000 1,400 3,000 4,500 8,900 $62,000 $52,500 $10,000 $124,500 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)
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