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Please show work so I can see what I did wrong. Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from
Please show work so I can see what I did wrong.
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows. If Processed Further Units Product Produced W-10 57,400 W-20 41,000 W-30 32,800 W-40 32,800 164,000 Sales Value at Split- Off $344,000 295,000 197,000 148,000 $984,000 Additional Costs Sales Values $36,900 $ 375,000 29,500 344,000 19,700 246,000 12,300 164,000 $98,400 $1,129,000 Required: Assuming that total joint costs of $462,480 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.) Product Joint Costs Allocated W-10 W-20 W-30 W-40Step by Step Solution
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