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Spartan Chemicals manufactures G-1, G-2, and G-3 from a joint process. Each gas can be...

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Accounting

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Spartan Chemicals manufactures G-1, G-2, and G-3 from a joint process. Each gas can be liquiflied and sold for a higher price. Data on the process are as follows: Required: Determine the value of the missed item. (Do not round intermediate calculations.) G-1 G-3 Total Product Units produced Joint costs Sales value at split-off Additional costs to liqify 42,000 S 30,000 Sales value if liquified G-2 8,000 56,000 360.000 S 90,000 600,000 90,000 420,000 180,000 120,000 720,000 32,000 16,000 $180,000 8,000 The joint costs of $180,000 for G-1 is the portion of the total joint cost of $360,000 that had been allocated to G-1

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