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National Corp. produces three products -- Good, Better, and Best -- as the result of...

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Accounting

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National Corp. produces three products -- Good, Better, and Best -- as the result of joint processing plus separable processing after the split-off point. Records for the year show the following: Good Better Best Total $720,000 Joint cost Separable processing costs Units produced Units sold Sales price $120,000 20,000 18,000 $ 25 $90,000 26,000 15,000 $ 45 $50,000 16,000 13,000 $ 68 Compute the total cost of the ending inventory for each product, assuming no beginning inventory and using the NRV method for joint cost allocation. Good: $ Better: $ Best: $

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