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Rock-On Company produces two products (X and Y) from a joint process. Each product may...

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Accounting

Rock-On Company produces two products (X and Y) from a joint process. Each product may be sold at the split-off point or processed further. Joint manufacturing costs for the year were $60,000. Sales values and costs were as follows:

PRODUCT

UNITS MADE

SALES VALUE AT THE SPLIT-OFF POINT

SALES VALUE IF PROCESSED FURTHER

COST OF PROCESSING FURTHER

X

9,000

$40,000.

$78,000.

$10,500.

Y

6,000

$80,000.

$90,000.

$ 7,500

If the joint production costs are allocated based on the net-realizable-value method, the amount of joint cost assigned to product Y would be: A. $20,000.

Group of answer choices

$27,000.

$20,000.

$33,000.

$40,000

Answer & Explanation Solved by verified expert
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