Use the following information to answer questions 9 and 10. Cahill Lumber manufactures mulch and...
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Accounting
Use the following information to answer questions 9 and 10. Cahill Lumber manufactures mulch and wood bark from a joint processing operation using wood as the raw material. For a recent month, 8,000 pounds of mulch were produced having a sales value at the split-off point of $21,000. 4,000 pounds of wood bark were produced having a sales value after split-off of $14,000. Using the net- realizable-value method, the portion of the total joint product costs allocated to mulch was $12,000.
9) The amount of joint costs allocated to wood bark using the net-realizable-value method would be: ________________.
10) If the physical-measures method of allocation were used, the amount of joint costs allocated to mulch would be: ________________.
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