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Differential Chemical produced 13,500 gallons of Preon and 27,000 gallons of Paron. Joint costs incurred...

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Accounting

Differential Chemical produced 13,500 gallons of Preon and 27,000 gallons of Paron. Joint costs incurred in producing the two products totaled $7,800. At the split-off point, Preon has a market value of $6.00 per gallon and Paron $2.00 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used.

  • $1,560.

  • $4,680.

  • $3,120.

  • $2,600.

  • $5,845.

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