t5&17 Saved Help Save & Exit Submit Lowrey Chemical manufactures two industrial chemicals in a joint process. In October, $240,000 of direct materials were processed at a cost of $340,000, resulting in 14,000 pounds of Pentex and 6,000 pounds of Glaxco, Pentex sells for $15 per pound and Glaxco sells for $65 per pound. Management generally processes each of these chemicals further in separable processes to manufacture more refined products. Pentex is processed separately at a cost of $10.00 per pound, with the resulting product, Pentex-R, selling for $45 per pound. Glaxco is processed separately at a cost of $15 per pound, and the resulting product, Glaxco-R, sells for $95 per pound. Required: A. Compute the company's total joint production costs. B. Assuming that total joint production costs amounted to $580,000, allocate these costs by using: (1) The physical-units method; (2) The relative-sales-value method; (3) The net- realizable-value method. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Req B3 Assuming that total joint production costs amounted to $580,000, allocate these costs by using: The (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) Joint Products Allocation of Joint Cost Pentex Glaxco $ Southeastern Ok Register for 14 Fift... 39 Other B t5 & 17 Saved Help Save & Exit Submit Lowrey Chemical manufactures two industrial chemicals in a joint process. In October, $240,000 of direct materials were processed at a cost of $340,000, resulting in 14.000 pounds of Pentex and 6,000 pounds of Glaxco Pentex sells for $15 per pound and Glaxco sells for $65 per pound. Management generally processes each of these chemicals further in separable processes to manufacture more refined products. Pentex is processed separately at a cost of $10.00 per pound, with the resulting product, Pentex-R, selling for $45 per pound. Glaxco is processed separately at a cost of $15 per pound, and the resulting product, Glaxco-R, sells for $95 per pound. Required: A. Compute the company's total joint production costs. B. Assuming that total joint production costs amounted to $580,000, allocate these costs by using: (1) The physical-units method; (2) The relative-sales-value method; (3) The net- realizable-value method. Complete this question by entering your answers in the tabs below. Rega Req B1 RedB2 Req B3 Assuming that total joint production costs amounted to $580,000, allocate these costs by using: The method. (Do not round intermediate calculations. Round your final answers to nearest whole dollar ar Joint Products Allocation of Joint Cost Pentex Glaxco $ 0 Lowrey Chemical manufactures two industrial chemicals in a joint process. In October, $240,000 of direct materials were processed at a cost of $340,000, resulting in 14,000 pounds of Pentex and 6,000 pounds of Glaxco. Pentex sells for $15 per pound and Glaxco sells for $65 per pound. Management generally processes each of these chemicals further in separable processes to manufacture more refined products. Pentex is processed separately at a cost of $10.00 per pound, with the resulting product, Pentex-R, selling for $45 per pound. Glaxco is processed separately at a cost of $15 per pound, and the resulting product, Glaxco-R, sells for $95 per pound. Required: A. Compute the company's total joint production costs. B. Assuming that total joint production costs amounted to $580,000, allocate these costs by using: (1) The physical-units method; (2) The relative-sales-value method; (3) The net- realizable-value method. Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Rel B3 Assuming that total joint production costs amounted to $580,000, allocate these costs by using: The method. (Do not round intermediate calculations. Round your final answers to nearest whole dollar ar Joint Products Allocation of Joint Cost Pentex-R Glaxco-R $ 0