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Your answer is partially correct. Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products:
Your answer is partially correct. Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price The company incurs joint costs of $179,000 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. Sales Value at Allocated Cost to Process Sales Value of Split-Off Point Joint Costs Further Processed Product Spock $210,900 $40,300 $109,700 $300,800 Uhura 300,000 59,400 84,900 399,700 Sulu 455,000 79,300 250,400 800,100 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Spock Uhura Sulu Incremental profit (loss) $ 170600 240600 375700
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