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Tango Company produces joint products M, N, and I from a joint process. This information concerns a batch produced in April a

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Let us calculate NRV first to allocate the joint costs in ratio of NRV
Calculation of NRV
Particulars M N T
Total Final Sales Value 195000 175000 32000
Less: Total Seperable Costs 10000 15900 6100
NRV 185000 159100 25900
Allocation of Joint Costs in the ratio of NRV
Particulars M N T Total
NRV 185000 159100 25900 370000
Alloaction of Joint Costs 77500 66650 10850 155000
Calculation 155000*(185000/370000) 155000*(159100/370000) 155000*(25900/370000)
No of Units is irrelevant as we have allocated based on Total NRV but not on NRV per unit.
Happy Learning and All the Best
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