Managerial Accounting

Joint Cost Allocation-Net Realizable Value Method Nature's Garden Inc. produces wood chips, wood pulp, and mulch. These products are produced through harvesting trees and sendin the logs through a wood chipper machine. One batch of logs produces 20,658 cubic yards of wood chips, 14,700 cubic yards of mulci and 9,844 cubic yards of wood pulp. The joint production process costs a total of $34,000 per batch. After the split-off point, wood c are immediately sold for $20 per cubic yard while wood pulp and mulch are processed further. The market value of the wood pulp an mulch at the split-off point is estimated to be $30 and $28 per cubic yard, respectively. The additional production process of the woon pulp costs $6 per cubic yard, after which it is sold for $40 per cubic yard. The additional production process of the mulch costs $5 per cubic yard, after which it is sold for $38 per cubic yard. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Allocate the joint costs Ch 19 Excel HW assignment take frame Round your answers to me nearest omar