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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

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

Product G-1 G-2 G-3 Total
Units produced 32,200 16,500 8,600 57,300
Joint costs $62,000 $124,000
Sales value at split-off $90,600 604,000
Additional costs to liquify 42,700 $34,500 18,000 95,200
Sales value if liquified 421,000 183,000 120,000 724,000

The joint costs of $62,000 for G-1 is the portion of the total joint cost of $124,000 that had been allocated to G-1.

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