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 | 65,800 | $ | 392,000 | $ | 42,300 | $ | 429,000 | |||
| W-20 | 47,000 | 337,000 | 33,700 | 392,000 | ||||||
| W-30 | 37,600 | 227,000 | 22,700 | 282,000 | ||||||
| W-40 | 37,600 | 172,000 | 14,100 | 188,000 | ||||||
| 188,000 | $ | 1,128,000 | $ | 112,800 | $ | 1,291,000 | ||||
Required:
Assuming that total joint costs of $462,480 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.)
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