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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 $196,000. Additional Information
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $196,000. Additional Information follows. If Processed Further Units Sales Value at Product Produced Sales Values KA KB 82,500 57,750 24,750 $330,000 157,500 Split-Off $252,000 220,500 280,000 220,000 Additional Costs $49,000 45,000 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 $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 $45,000 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 >
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