Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. deming & sons manufactures four grades of lubr

Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a...

70.2K

Verified Solution

Question

Accounting

Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:

Assuming that total joint costs of $297,600 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.)image

Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: t Processed Further Units Sales Value at Split-Off $260,000 223,000 149,000 112,000 Additional Costs Product Produced W-10 W-20 W-30 W-40 43,400 31,000 24,800 24,800 124,000 $27,800 22,300 14,900 9,300 $74,300 Sales Values $ 283,000 260,000 186,000 124,000 $ 853,000 $744,000 Required: Assuming that total joint costs of $297,600 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) NRV at Split- Off Joint Costs Allocated Product W-10 W-20 W-30 W-40

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students