Question
The following information relates to a joint production process for three products, with a total joint production cost of $130,000. There are no separable processing
The following information relates to a joint production process for three products, with a total joint production cost of $130,000. There are no separable processing costs for any of the three products.
| Product | Sales Value at Split-Off | Units at Split-Off |
|---|---|---|
| 1 | $ 169,000 | 500 |
| 2 | 52,000 | 875 |
| 3 | 39,000 | 1,125 |
| $ 260,000 | 2,500 |
What percentage of joint cost is allocated to each of the three products using the physical units method?
| Product | Percent of Sales Units | |
| 1 | % | |
| 2 | % | |
| 3 | % | |
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
