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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 $193,000. Additional
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $193,000. Additional information follows. If Processed Further Units Product Produced Sales Value at Split-Off Sales Values Additional Costs KA 81,000 KB 56,700 238,000 KC 24,300 170,000 $272,000 $320,000 260,000 230,000 $50,000 43,000 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 $50,000 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 $50,000 if processed further)? (Do not round intermediate calculations.) Total cost of product KA The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $193,000. Additional information follows. If Processed Further Units Sales Value at Product Produced Split-Off Sales Values Additional Costs KA 81,000 $272,000 KB KC 56,700 24,300 238,000 170,000 $320,000 260,000 230,000 $50,000 43,000 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 $50,000 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 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 KB < Required A Required B >
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