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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 $191,000. Additional information
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $191,000. Additional information follows.
If Processed Further | ||||||||||
Product | Units Produced | Sales Value at Split-Off | Sales Values | Additional Costs | ||||||
KA | 80,500 | $ | 276,000 | $ | 360,000 | $ | 49,000 | |||
KB | 56,350 | 241,500 | 270,000 | 44,000 | ||||||
KC | 24,150 | 172,500 | 230,000 | 34,000 | ||||||
Required:
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 $44,000 if processed further)?
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