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ICP 4-Yen Sid Corporation Yen Sid Corporation produces two main products (Min and Mic) and one by-product (Plu) from its raw material, Sorcerer X2. The
ICP 4-Yen Sid Corporation Yen Sid Corporation produces two main products (Min and Mic) and one by-product (Plu) from its raw material, Sorcerer X2. The following information is available about the prior month's production Machine A was used to develop 55,000 units of Sorcerer X2 at a cost of $145,000. From Machine A, 60% of the units were transferred to Machine B and 40% to Machine C. . Machine B was used to develop the units of Min at a cost of $38,000. 70% of these units were then transferred to Machine D for further processing. Machine D processed Min further at a cost of $16,480, and then Min was sold for $10 per unit The remaining 30% of the units developed on Machine B were units of Plu; these were sold for $4.20 per unit and credited against sales of Min. The processing costs required to make Plu ready for sale were $8,100. Machine C processed Mic at a cost of $165,000. The number of total good units of Mic produced was 20,000 units. The good units can be sold for $24 per unit. . Required: a) Draw the process for Yen Sid's joint manufacturing process. b) Allocate the joint costs based on the net realizable value method
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