Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are...
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Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $ The sales value at splitoff was $ for units of Kappa and $ for units of Lambda. Required: AWhat joint costs are allocated to the two products using the net realizable value at splitoff approach? Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts. BWhat joint costs are allocated to the two products using the physical quantities method? Note: Do not round intermediate calculations.
Milo Manufacturing produces products Kappa and Lambda from a joint process. Total joint costs are $ The sales value at splitoff was $ for units of Kappa and $ for units of Lambda.
Required:
AWhat joint costs are allocated to the two products using the net realizable value at splitoff approach?
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amounts.
BWhat joint costs are allocated to the two products using the physical quantities method?
Note: Do not round intermediate calculations.
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