player.meducation.com Homepage - DSC-304-04-05 Production Connect -Class: Noland ACC 308 Fall 2019 MHE Reader a A 6 Euclid Corporation processes a patented chemical, P-I, and produces two outputs, P.11 and 12. In August, the costs to process PI are $144,000 for materials and $288.000 for conversion costs. P-11 has a sales value of $640,000 and P-12 has a sales value of $160,000. Required Using the net realizable value method, assign costs to P11 and P-12 for August. 11-44. Estimated Net Realizable Value Method (LO11-7) Blasto, Inc., operates several mines. At one, a typical batch of ore run through the plant yields three products: lead, copper, and manganese. At the split-off point, the intermediate products cannot be sold without further processing. The lead from a typical batch sells for $40.000 after incurring additional processing costs of $12,000. The copper is sold for $80,000 after additional processing costs of $10,000, and the manganese yield sells for $60,000 but requires additional processing costs of $18,000. The joint costs of processing the raw ore, including the cost of mining, are $100,000 per batch. Required Use the estimated net realizable value method to allocate the joint processing costs. 11-45. Net Realizable Value Method to Solve for Unknowns LO 11-7) GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 215,000 units of tips having a sales value at the split-off point of $75,600. It produced 215,000 units of stems having a sales value at split-off of $32,400. Using the net realizable value method, the portion of the total joint product costs allocated to tips was $45,500