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Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning...

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Accounting

Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $125,000 was as follows:

L M N Total
Separable Processing cost $ 15,000 $ 35,000 $ 17,000 $ 67,000
Units Produced 3,200 7,500 6,300 17,000
Sales Value (after additional processing) $ 80,000 $ 75,000 $ 37,000 $ 192,000

The amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):

Multiple Choice

$18,926.

$20,000.

$40,000.

$51,559.

$65,000.

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