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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 $140,000:

Product Units Produced and Sold After Split-Off
Total Separable Costs Total Final Sales Value
M 12,000 $ 13,400 $ 180,000
N 6,000 10,400 160,000
T 7,000 5,200 29,000

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.)

image text in transcribed

\begin{tabular}{|c|c|} \hline Product & Allocated Joint Cost \\ \hline M & \\ \hline N & \\ \hline T & \\ \hline \end{tabular}

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