Tango Company produces joint products M, N, and T from a joint process. This information...
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Accounting
| Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $220,000: |
| After Split-Off | |||||||
| Product | Units Produced and Sold | Total Separable Costs | Total Final Sales Value | ||||
| M | 20,000 | $ | 20,000 | $ | 260,000 | ||
| N | 14,000 | 20,000 | 240,000 | ||||
| T | 15,000 | 5,000 | 45,000 | ||||
| Required: |
| How much of the joint cost should be allocated to each joint product using the net realizable value method? (Enter your answers in whole dollars.) |
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