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  3. at the end of his company's first year in operatio

At the end of his company's first year in operation, Edward is allocating costs to...

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Accounting

image At the end of his company's first year in operation, Edward is allocating costs to the company's three main products: wheat flour, bleached white flour, and baking flour. These three products are produced from one main process, which costs the company $117,000. The company produced 4,950 pounds of wheat flour, 1,950 pounds of bleached white flour, and 8,100 pounds of baking flour. Of the quantities produced, Edward notes sales of 80%,90%, and 60% of the wheat, white, and baking flour quantities available, respectively. Calculate how much of the joint costs will be allocated to each of the three joint products under the physical quantities method. (Round proportion to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 5,125.)

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