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my salt 8 d21 myit Baw Netflix M McGraw-Hit Connoutlook Leonard Inc. also manufactures learning material that leads into certain products. Leonard Inc's production process
my salt 8 d21 myit Baw Netflix M McGraw-Hit Connoutlook Leonard Inc. also manufactures learning material that leads into certain products. Leonard Inc's production process involves first completing initial research to a certain point; all learning material goes through this process, regardless of what end-product is to be made. For the month of December, the joint costs of processing the research was $800,000. There was no beginning or ending inventory for the month. Production and sales value information for the month were as follows: Sales Value at Split-Off Point (per case) Separable Costs (per case) Selling Price (per case) Product Units 80,000 Lesson Plans $14 $10 $25 Publications 120,000 $9 $10 $21 Textbooks 160,000 $7 $12 $20 REQUIRED: a) Assume that Leonard Inc. uses the physical measure method to allocate joint costs. Calculate the allocated joint costs of each product last month. Do not round your percentages. Round dollar amounts to whole dollars (no decimals) (i.e., $380). b) Assume that Leonard Inc. uses the sales value at split-off method to allocate joint costs. Calculate the allocated joint costs of each product last month. Do not round your percentages. Do not round your percentages. Round dollar amounts to whole dollars (no decimals) (i.e., $380). c) Assume that Leonard Inc. uses the net realizable value method to allocate joint costs. Calculate the allocated joint costs of each product last month. Do not round your percentages. Do not round your percentages. Round dollar amounts to whole dollars (no decimals) (i.e., $380)
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