Question
Stulce Inc. produces joint products A, B, and C from a joint process. Information concerning a batch produced in May at a joint cost of
Stulce Inc. produces joint products A, B, and C from a joint process. Information concerning a batch produced in May at a joint cost of $120,000 was as follows:
| A | B | C | Total |
Units Sold | 2,500 | 4,000 | 1,500 | 8,000 |
Price (after addtl processing) | $35 | $22 | $15 |
|
Separable Processing cost | $35,000 | $12,000 | $16,000 | $63,000 |
Units Produced | 2,500 | 4,000 | 1,500 | 8,000 |
Total Joint Cost |
|
|
| $120,000 |
Sales Price at Split-off | $25 | $12 | $13 |
|
Required: (Calculate all ratios, percentages, and unit costs to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar.): 1. Allocate the joint costs to the joint products using the physical measure method. 2. Allocate the joint costs to the joint products using the net realizable method.
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