Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $564,000. Additional information follows: Product Chem-1 Chem-2 Chem-3 Chem-4 Units Produced 300,000 188,000 204,000 156,000 848,000 If Processed Further Sales Value at Additional Split-Off Costs $ 232,000 $33,900 276,000 161,600 258,400 $ 928,000 $ 118,100 30,600 26,100 27,500 Sales Values $ 272,000 302,000 192,000 282,000 $ 1,048,000 Required: Barrett Chemicals uses the net realizable value method to allocate joint costs. What joint costs would be allocated to each product in May?
Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $564,000. Additional information follows: Product Chem-1 Chem-2 Chem-3 Chem-4 Units Produced 300,000 188,000 204,000 156,000 848,000 If Processed Further Sales Value at Additional Split-Off Costs $ 232,000 $33,900 276,000 161,600 258,400 $ 928,000 $ 118,100 30,600 26,100 27,500 Sales Values $ 272,000 302,000 192,000 282,000 $ 1,048,000 Required: Barrett Chemicals uses the net realizable value method to allocate joint costs. What joint costs would be allocated to each product in May?
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter25: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 4CMA: Oakes Inc. manufactured 40,000 gallons of Mononate and 60,000 gallons of Beracyl in a joint...
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