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Thank you! The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $199,000.
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The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $199,000. Additional information follows. If Processed Further Units Product Produced KA 81,000 KB 56,700 KC 24,300 Sales Value at Split-Off $ 248,000 217,000 155,000 Sales Values Additional costs $330,000 $49,000 290,000 43,000 220,000 34,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $49,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $43,000 if processed further)? Complete this question by entering your answers in the tabs below. Required A Required B Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $49,000 if processed further)? (Do not round intermediate calculations.) Total cost of product KA Required A Required B > Required A Required B Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $43,000 if processed further)? (Do not round intermediate calculations.) Total cost of product KBStep by Step Solution
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