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Company produces three products: Product A, Product B, and Product C. During the...

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Accounting

Company produces three products: Product A, Product B, and Product C.

During the year the joint costs of processing the three products were $400,000. Production and sales value information were as follows:

Sales Value

Product Units at Split-Off Separable Costs Selling Price

A 400,000 $20 per unit $ 20 per unit $40 per unit

B 400,000 $18 per unit $ 15 per unit $28 per unit

C 800,000 $12 per unit $14 per unit $17 per unit

a. Allocate the joint costs using the physical output method.

b. Allocate the joint costs using the net realizable value method.

c. Allocate the joint costs using sales value at split-off point method.

CLEAR TABLES_PHOTOS NOT ALLOWED

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