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Denver Fabricators manufactures products DF1 and DF2 from a joint process, which...

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Accounting

Denver Fabricators manufactures products DF $1$ and DF $2$ from a joint process, which also yields a by $-$ product, BP $.$ The company accounts for the revenues from its by $-$ product sales as other income. Additional information follows: Denver Fabricators manufactures products DF $1$ and DF $2$ from a joint process, which also yields a by $-$ product, BP $.$

The company accounts for the revenues from its by $-$ product sales as other income. Additional information

follows:

Required:

Assuming that joint product costs are allocated using the net realizable value at split $-$ off approach, what joint

costs are allocated to each of the joint products DF $1$ and DF $2$ and to the by $-$ product, BP $?$

Note: Do not round intermediate calculations.

DF $1$ DF $2$ BP Total

Units produced $28, 500 19, 500 16, 500 64, 500$

Allocated joint costs $? ? ?$ $ $561, 500$

Sales value at split $-$ off $ $572, 250$ $ $190, 750$ $ $103, 500$ $ $866, 500$

Required:

Assuming that joint product costs are allocated using the net realizable value at split $-$ off approach, what joint costs are allocated to each of the joint products DF $1$ and DF $2$ and to the by $-$ product, BP $?$

Note: Do not round intermediate calculations.

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