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Show work please Nolan Corporation incurs $300,000 of joint costs to produce three products. Nolan uses the sales value at split-off point method to allocate
Show work please
Nolan Corporation incurs $300,000 of joint costs to produce three products. Nolan uses the sales value at split-off point method to allocate joint costs. The following information relates to these three products: Product Catcher Infield Outfield Quantity 1,000 units 2,000 units 3,000 units Sales Value at Split-off $10 2 $5 Based on the joint cost calculations, Catcher received $100,000 and Outfield received $150,000 of the joint costs. Based on this information, what was the sales value at split- off price for Infield? Now assume that the physical measures method based on total weight was used to allocate joint costs and that Catcher weighs 4 pounds per unit and Outfield weighs 2 pounds per unit. How much does Infield weigh per unit assuming the same amount of joint cost allocation as above Step by Step Solution
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