Terry Chemicals processes a single raw material, Clean Z, in Department 1 of its main production facility Out of the joint process in Department 1, two products emerge Azyne and Bethanol Azyne is further processed in Department 2, which also is a joint production process After processing in Department 2, two products emerge AzynePlus and Byzyne AzynePlus is further processed in Department 3 Bethanol is processed further in Department 4 AzynePlus and Bethanol are considered main products Byzyne is considered a by product of AzynePlus Information on the most recent period's production processes follows In Department 1, 244,000 units of the raw material Clean Z are processed at a total cost of $1,657,300 After processing in Department 1, 60 percent of the units are transferred to Department 2, and 40 percent of the units (now unprocessed Bethanol) are transferred to Department 4 In Department 2, the materials received from Department 1 are processed at an additional cost of $504,800 Seventy percent of the units become AzynePlus and are transferred to Department 3 The remaining 30 percent emerge as Byzyne and are sold at $13 25 per unit The additional processing costs to make Byzyne salable are $115,060 In Department 3, AzynePlus is processed at an additional cost of $220,648 After this processing, AzynePlus can be sold for $43 per unit In Department 4, Bethanol is processed at an additional cost of $2,092,000 A normal loss of 10 percent of the units of good output of Bethanol occurs in this department The remaining good output is then sold for $85 per unit Required Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text) Complete this question by entering your answers in the tabs below Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach Revenue from the sale of by products should be credited to the manufacturing costs of the related main product Note Do not round intermediate calculations Amounts to be deducted should be indicated by a minus sign Round your units to the nearest whole unit In Department 3, Azyne'Plus is processed at an additional cost of $220,648 After this processing, AzynePlus can be sold for $43 per unit In Department 4, Bethanol is processed at an additional cost of $2,092,000 A normal loss of 10 percent of the units of good output of Bethanol occurs in this department The remaining good output is then sold for $85 per unit Required Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text) Complete this question by entering your answers in the tabs below Determine the cost allocation for each product Note Do not round intermediate calculations Round final answers to nearest whole dollars Terry Chemicals processes a single raw material, Clean Z, in Department 1 of its main production facility Out of the joint process in Department 1, two products emerge Azyne and Bethanol Azyne is further processed in Department 2, which also is a joint production process After processing in Department 2, two products emerge AzynePlus and Byzyne AzynePlus is further processed in Department 3 Bethanol is processed further in Department 4 AzynePlus and Bethanol are considered main products Byzyne is considered a by product of AzynePlus Information on the most recent period's production processes follows In Department 1, 244,000 units of the raw material Clean Z are processed at a total cost of $1,657,300 After processing in Department 1, 60 percent of the units are transferred to Department 2, and 40 percent of the units (now unprocessed Bethanol) are transferred to Department 4 In Department 2, the materials received from Department 1 are processed at an additional cost of $504,800 Seventy percent of the units become AzynePlus and are transferred to Department 3 The remaining 30 percent emerge as Byzyne and are sold at $13 25 per unit The additional processing costs to make Byzyne salable are $115,060 In Department 3, AzynePlus is processed at an additional cost of $220,648 After this processing, AzynePlus can be sold for $43 per unit In Department 4, Bethanol is processed at an additional cost of $2,092,000 A normal loss of 10 percent of the units of good output of Bethanol occurs in this department The remaining good output is then sold for $85 per unit Required Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text) Complete this question by entering your answers in the tabs below Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach Revenue from the sale of by products should be credited to the manufacturing costs of the related main product Note Do not round intermediate calculations Amounts to be deducted should be indicated by a minus sign Round your units to the nearest whole unit In Department 3, Azyne'Plus is processed at an additional cost of $220,648 After this processing, AzynePlus can be sold for $43 per unit In Department 4, Bethanol is processed at an additional cost of $2,092,000 A normal loss of 10 percent of the units of good output of Bethanol occurs in this department The remaining good output is then sold for $85 per unit Required Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text) Complete this question by entering your answers in the tabs below Determine the cost allocation for each product Note Do not round intermediate calculations Round final answers to nearest whole dollars

Question

Terry Chemicals processes a single raw material, Clean Z, in Department 1 of its main production facility  Out of the joint process in Department 1, two products emerge  Azyne and Bethanol  Azyne is further processed in Department 2, which also is a joint production process  After processing in Department 2, two products emerge  AzynePlus and Byzyne  AzynePlus is further processed in Department 3  Bethanol is processed further in Department 4  AzynePlus and Bethanol are considered main products  Byzyne is considered a by product of AzynePlus  Information on the most recent period's production processes follows    In Department 1, 244,000 units of the raw material Clean Z are processed at a total cost of $1,657,300  After processing in Department 1, 60 percent of the units are transferred to Department 2, and 40 percent of the units (now unprocessed Bethanol) are transferred to Department 4    In Department 2, the materials received from Department 1 are processed at an additional cost of $504,800  Seventy percent of the units become AzynePlus and are transferred to Department 3  The remaining 30 percent emerge as Byzyne and are sold at $13 25 per unit  The additional processing costs to make Byzyne salable are $115,060    In Department 3, AzynePlus is processed at an additional cost of $220,648  After this processing, AzynePlus can be sold for $43 per unit    In Department 4, Bethanol is processed at an additional cost of $2,092,000  A normal loss of 10 percent of the units of good output of Bethanol occurs in this department  The remaining good output is then sold for $85 per unit  Required  Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach  Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text)  Complete this question by entering your answers in the tabs below  Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach  Revenue from the sale of by products should be credited to the manufacturing costs of the related main product  Note  Do not round intermediate calculations  Amounts to be deducted should be indicated by a minus sign  Round your units to the nearest whole unit    In Department 3, Azyne'Plus is processed at an additional cost of $220,648  After this processing, AzynePlus can be sold for $43 per unit    In Department 4, Bethanol is processed at an additional cost of $2,092,000  A normal loss of 10 percent of the units of good output of Bethanol occurs in this department  The remaining good output is then sold for $85 per unit  Required  Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach  Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text)  Complete this question by entering your answers in the tabs below  Determine the cost allocation for each product  Note  Do not round intermediate calculations  Round final answers to nearest whole dollars  Terry Chemicals processes a single raw material, Clean Z, in Department 1 of its main production facility  Out of the joint process in Department 1, two products emerge  Azyne and Bethanol  Azyne is further processed in Department 2, which also is a joint production process  After processing in Department 2, two products emerge  AzynePlus and Byzyne  AzynePlus is further processed in Department 3  Bethanol is processed further in Department 4  AzynePlus and Bethanol are considered main products  Byzyne is considered a by product of AzynePlus  Information on the most recent period's production processes follows    In Department 1, 244,000 units of the raw material Clean Z are processed at a total cost of $1,657,300  After processing in Department 1, 60 percent of the units are transferred to Department 2, and 40 percent of the units (now unprocessed Bethanol) are transferred to Department 4    In Department 2, the materials received from Department 1 are processed at an additional cost of $504,800  Seventy percent of the units become AzynePlus and are transferred to Department 3  The remaining 30 percent emerge as Byzyne and are sold at $13 25 per unit  The additional processing costs to make Byzyne salable are $115,060    In Department 3, AzynePlus is processed at an additional cost of $220,648  After this processing, AzynePlus can be sold for $43 per unit    In Department 4, Bethanol is processed at an additional cost of $2,092,000  A normal loss of 10 percent of the units of good output of Bethanol occurs in this department  The remaining good output is then sold for $85 per unit  Required  Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach  Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text)  Complete this question by entering your answers in the tabs below  Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach  Revenue from the sale of by products should be credited to the manufacturing costs of the related main product  Note  Do not round intermediate calculations  Amounts to be deducted should be indicated by a minus sign  Round your units to the nearest whole unit    In Department 3, Azyne'Plus is processed at an additional cost of $220,648  After this processing, AzynePlus can be sold for $43 per unit    In Department 4, Bethanol is processed at an additional cost of $2,092,000  A normal loss of 10 percent of the units of good output of Bethanol occurs in this department  The remaining good output is then sold for $85 per unit  Required  Prepare a schedule showing the allocation of the $1,657,300 joint cost to AzynePlus and Bethanol using the estimated net realizable value approach  Revenue from the sale of by products should be credited to the manufacturing costs of the related main product (method 1 in the text)  Complete this question by entering your answers in the tabs below  Determine the cost allocation for each product  Note  Do not round intermediate calculations  Round final answers to nearest whole dollars

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Terry Chemicals processes a single raw material, Clean-Z, in Department 1 of its main production facility. Out of the joint process in Department 1, two

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