Question
Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost
Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $210,000:
After Split-Off
Product Units Produced and Sold Total Separable Costs Total Final Sales Value
M 19,000 $ 19,600 $ 250,000
N 13,000 14,000 230,000
T 14,000 9,400 43,000
Required:
How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.)
product Allocated Joint Cost
M ?
N ?
T ?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started