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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 $192,000. Additional information
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $192,000. Additional information follows If Processed Further Units Product Produced KA KB KC 82,500 57,750 24,750 Sales Value at Split-Off $276,000 241,500 172,500 Sales Values $350,000 290,000 250,000 Additional Costs $52,000 43,000 30,000 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 $52,000 if processed further)? (Do not round your intermediate calculations.) Total cost of product KA 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 your intermediate calculations.) Total cost of product KB
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