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Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX -
Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: PX PX and PX At the splitoff point, the intermediate products cannot be sold without further processing. A typical batch of PX sells for $ after incurring additional processing costs of $ PX can be sold for $ after additional processing costs of $ and the PX sells for $ but requires additional processing costs of $ The joint costs of processing the Pryex, including the cost of mining, are $ per batch.
Required:
Use the estimated net realizable value method to allocate the joint processing costs.
Note: Do not round intermediate calculations. Enter percentage answers rounded to decimal places and other final answers to the nearest whole dollar amounts.
tablePXPXEstimated sales value at splitoff,,,,Percent of total sales values at splitoff,,
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