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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 $199,000 Additional
The following questions relate to Kyle Company which manufactures products KA, KB, and KC from a joint process. Joint product costs were $199,000 Additional information follows If Processed Further Product Units Sales Value at Split- Produced off Sales Values Additional Costs KA 84,000 240,000 330,000 54,000 KB 60,000 210,000 KIC 24,000 150,000 270,000 240,000 42,000 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 $54,000 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 $42,000 if processed further)? Total cost of product KA Total cost of product KB
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