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Please answer both. It's a 2 parter Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem- 4 , from a joint process. The total
Please answer both. It's a 2 parter
Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem- 4 , from a joint process. The total joint costs in May were $564,000. Additional information follows: Required: Barrett Chemicals uses the net realizable value method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Barrett Chemicals manufactures four chemicals, Chem- 1 , Chem- 2 , Chem- 3 , and Chem- 4 , from a joint process. The total joint costs in May were $566,000. Additional information follows: Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts
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