Question
Ralph Corporation produces three products at a joint manufacturing cost, $1,250,000. The following information has been provided: Products Volume Separable Costs Selling Prices per Unit
Ralph Corporation produces three products at a joint manufacturing cost, $1,250,000. The following information has been provided:
| Products | Volume | Separable Costs | Selling Prices per Unit |
| A | 25,000 | $750,000 | $40 |
| B | 40,000 | $750,000 | $50 |
| C | 35,000 | $210,000 | $20 |
Determine the amount of the joint costs allocated to Product B using constant gross margin percentage method.
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Montgomerys Auditing Classic Reprint Series
Authors: Robert Hiester Montgomery
1st Edition
1390439356, 978-1390439359
