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.
Answer & Explanation
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