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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 $190,000. Additional information
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process Joint product costs were $190,000. Additional information follows: If Processed Further Units Sales Value at Split-Off $ 244,000 213,500 152,500 Product Produced KA KB KC Sales Values S 330,000 260,000 220,000 Additional Costs $51,000 41,000 33,000 82,500 57,750 24,750 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 $51,000 if processed further)? (Do not round your intermediate calculations.) Total cost of product KA 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)? (Do not round your intermediate calculations.) Total cost of product KB
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