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help Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost
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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 $135,000 was as follows: Separable Processing cost Units Produced Sales Value (after addt'l processing) L M N Total $ 16,000 $37,000 $20,000 $ 73,000 3,600 8,500 6,700 18,800 $ 84,000 $80,000 $43,000 $207,000 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): $43,321. $22,098. $23,172. $68,507. $55,066Step by Step Solution
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