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Purple Paper Company processes wood pulp into two products. During July the joint costs of processing were $135,000. Production and sales value information for the
Purple Paper Company processes wood pulp into two products. During July the joint costs of processing were $135,000. Production and sales value information for the month were as follows: Sales Value at Product Kilograms Produced splitoff Point Separable Costs Paper 150,000 $63,000 $245,000 Cardboard 100,000 46.000 300,000 Paper sells for $3.00 a kilogram and cardboard sells for $4.00 a kilogram. Determine the joined costs allocated to cardboard using the constant gross margin percentage of NRV method. (enter a positive number only with no dollar sign, commas, letters, or decimals.)
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