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Tactile Incorporated uses a joint production process to produce two bonding agents, Holdtight and Tilelock,...

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Accounting

Tactile Incorporated uses a joint production process to produce two bonding agents, Holdtight and Tilelock, used in the masonry industry. Joint costs are $30,000 per batch. The joint production process produces 40,000 pounds of Holdtight, which can be sold for $1.50 per pound, and 60,000 pounds of Tilelock, which can be sold for $2.00 per pound. Holdtight can be processed further to produce 30,000 pounds of Holdtight Plus at a cost of $20,000. Holdtight Plus sells for $2.50 per pound. Tilelock can be processed further to produce 50,000 pounds of Tilelock Plus at a cost of $40,000. Tilelock Plus sells for $4.00 per pound. Tactile uses the constant gross margin method to allocate joint costs.
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