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please show calculations, just need to understand how to find answers. Ooltewah Inc produces gas. A single refining process creates three gasses as shown below.
please show calculations, just need to understand how to find answers.
Ooltewah Inc produces gas. A single refining process creates three gasses as shown below. The joint cost is $240,000. With additional process the gasses can be liquefied. Product Argon Xon Zeon Liters of gas 16000 8000 4000 produced Sales value if sold at 120,000 50,000 30,000 the split- loff Additional cost to 14,000 10,000 6,000 liquefy Sales value if 140,000 90,000 50.000 liquefied How much joint cost is assigned to Argon if the sales value at the split-off method is used? ed 12 ver 144,000 margin of error+/-2 Ooltewah Inc produces gas. A single refining process creates three gasses as shown below. The join cost is $240,000. With additional process the gasses can be liquefied. gas Product Burgon Aflan Keon Liters of 16000 8000 4000 produced Additional cost to 14,000 10,000 6,000 liquefy Sales value if 140.000 90.000 50.000 liquefied How much joint cost is assigned to Burgon if the net realizable method is used? ed ver 120,960 margin of error +/- 2 You can subtract total additional processing cost from total revenue after processing to get total allocation base, rather than doing a single calculation for each product. Ooltewah Inc produces gas. A single refining process creates three gasses as shown below. The join cost is $240,000. With additional process the gasses can be liquefied. Product Burgon Aflan Keon Liters of gas 9000 8000 4000 produced Additional cost to 14,000 10,000|6,000 liquefy Sales value if 150,000 90.000 40.000 liquefied How much joint cost is assigned to Burgon if the physical measures method is used? ed ver 102,857 margin of error +/- 2 Step by Step Solution
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