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West Coast Designs produces three products: super, deluxe, and generic. Super and deluxe are its main products; generic is a byproduct of super. Information on
West Coast Designs produces three products: super, deluxe, and generic. Super and deluxe are its main products; generic is a byproduct of super. Information on the past month's production processes follows. - In Department A,231,000 units of the raw material X1 are processed at a total cost of $387,898. After processing in Department A, Department C. - In Department B, the materials received from Department A are processed at an additional cost of $248,000. Seventy percent of the units become super and are transferred to Department D. The remaining 30 percent emerge as generic and are $6.20 per unit. The additional processing costs to make generic salable are $58,600. - In Department C, deluxe is processed at an additional cost of $890,000. A normal loss of 5 percent of the units of good output deluxe occurs in this department. The remaining good output is then sold for $34 per unit. - In Department D, super is processed at an additional cost of $92,000. After this processing, super can be sold for $15 per unit. Required: Complete this question by entering your answers in the tabs below. Prepare a schedule showing the allocation of the $387,898 joint cost to super and deluxe using the estimated net realizable value approach. Revenue from the sale of by-products should be credited to the manufacturing costs of the related product. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Prepare a schedule showing the allocation of the $387,898 joint cost to super and deluxe using the estimated net realizable value approach. Revenue from the sale of by-products should be credited to the manufacturing costs of the related main product. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign.)
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