Question
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $198,000. Additional information
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $198,000. Additional information follows. If Processed Further Additional Costs $50,000 Units Product Produced Sales Value at Split-Off Sales Values KA KB KC 85,000 59,500 25,500 234,500 41,000 167,500 240,000 32,000 $268,000 $360,000 290,000 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 $41,000 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
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