Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a...
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Accounting
Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:
| If Processed Further | ||||||||||
| Product | Units Produced | Sales Value at Split-Off | Additional Costs | Sales Values | ||||||
| W-10 | 61,600 | $ | 368,000 | $ | 39,600 | $ | 402,000 | |||
| W-20 | 44,000 | 316,000 | 31,600 | 368,000 | ||||||
| W-30 | 35,200 | 212,000 | 21,200 | 264,000 | ||||||
| W-40 | 35,200 | 160,000 | 13,200 | 176,000 | ||||||
| 176,000 | $ | 1,056,000 | $ | 105,600 | $ | 1,210,000 | ||||
Required:
Assuming that total joint costs of $443,520 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.)
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