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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 $145,000:

After Split-Off

Product Units Produced and Sold Total Separable Costs Total Final Sales Value
M 12,500 $ 17,000 $ 185,000
N 6,500 11,000 165,000
T 7,500 2,000 30,000

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

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