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Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted...

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Accounting

Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $690,000 in the production of 50,000 gallons of W and 60,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data:

W X
Separable processing costs $ 40,000 $ 180,000
Sales price (per gallon) if processed beyond split-off $ 14 $ 12

The joint cost allocated to X under the net-realizable-value method would be: (Do not round intermediate calculations.)

Multiple Choice

$310,500.

$504,545.

$440,141.

$260,500.

None of the answers is correct.

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