Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3) 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 $598,000. Additional information follows: If Processed Further Sales Value at Additional Product Units Produced Chem-1 248,000 Split-Off $ 188,480 Chem-2 160,000 Chem-3 216,000 Chem-4 176,000 800,000 240,000 168,480 299,200 25,600 Costs Sales Values $ 27,280 $ 223,200 262,400 25,920 202,500 31,680 330,000 $ 896,160 $ 110,480 $ 1,018,100 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Product Chem-1 Chem-2 Chem-3 Chem-4 Joint Costs Allocated
Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3) 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 $598,000. Additional information follows: If Processed Further Sales Value at Additional Product Units Produced Chem-1 248,000 Split-Off $ 188,480 Chem-2 160,000 Chem-3 216,000 Chem-4 176,000 800,000 240,000 168,480 299,200 25,600 Costs Sales Values $ 27,280 $ 223,200 262,400 25,920 202,500 31,680 330,000 $ 896,160 $ 110,480 $ 1,018,100 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Product Chem-1 Chem-2 Chem-3 Chem-4 Joint Costs Allocated
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![Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3)
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 $598,000. Additional information follows:
If Processed Further
Product
Chem-1
Chem-2
Units
Produced
248,000
Sales Value at Additional
Split-Off
$ 188,480
Costs
Sales Values
$ 27,280
$ 223,200
160,000
240,000
25,600
262,400
Chem-3
216,000
Chem-4
176,000
168,480
299,200
25,920
31,680
202,500
330,000
800,000
$ 896,160
$ 110,480
$ 1,018,100
Required:
Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in
May?
Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.
Joint Costs
Product
Allocated
Chem-1
Chem-2
Chem-3
Chem-4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe3b91c89-4564-4fb0-9dea-afe797ff78ec%2F7365212e-871f-43d0-9ae2-e4ac6185c097%2Fj07v3w_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3)
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 $598,000. Additional information follows:
If Processed Further
Product
Chem-1
Chem-2
Units
Produced
248,000
Sales Value at Additional
Split-Off
$ 188,480
Costs
Sales Values
$ 27,280
$ 223,200
160,000
240,000
25,600
262,400
Chem-3
216,000
Chem-4
176,000
168,480
299,200
25,920
31,680
202,500
330,000
800,000
$ 896,160
$ 110,480
$ 1,018,100
Required:
Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in
May?
Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.
Joint Costs
Product
Allocated
Chem-1
Chem-2
Chem-3
Chem-4
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