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Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $162,000. The sales value at split-off was $170,640 for 6,000
Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $162,000. The sales value at split-off was $170,640 for 6,000 units of Kappa and $63,280 for 9,000 units of Lambda. Required: a. What joint costs are allocated to the two products using the net realizable value at split-off approach? Note: Do not round intermediate calculations. Round your final answers to the nearesix whole dollar amounts. b. What joint costs are allocated to the two products using the physical quantities method? Note: Do not round intermediate calculations
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