Number a

Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $150,000. The sales value at splitoff was $162,000 for 1,200 units of Kappa and $63,000 for 1,800 units of Lambda. Required: a. What joint costs are allocated to the two products using the net realizable value at split-off approach? b. What joint costs are allocated to the two products using the physical quantities method