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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 $197,000. Additional
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $197,000. Additional information follows. If Processed Further Units Sales Value at Product Produced Split-off Sales Values Additional Costa XA 80,500 56,350 24,150 234,500 167,500 $268,000 $320,000 280,000 210,000 $50,000 43,000 29,000 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 $ 110,850
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