Question
The following information relates to a joint production process for three products, with a total joint production cost of $185,000. There are no separable processing
| The following information relates to a joint production process for three products, with a total joint production cost of $185,000. There are no separable processing costs for any of the three products. |
| Product | Sales Value at Split-Off | Units at Split-Off | ||||
| 1 | $ | 203,500 | 540 | |||
| 2 | 92,500 | 1,080 | ||||
| 3 | 74,000 | 1,980 | ||||
| $ | 370,000 | 3,600 | ||||
2. Required information
| What amount of joint cost is allocated to each of the three products using the physical units method? |
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven M. Mintz, Roselyn E. Morris
5th edition
1259969460, 73403997, 1260480852, 978-1259969461
