Assume that Thomsen has a joint process where 370 pounds of input yields 350 pounds of...
Assume that Thomsen has a joint process where 370 pounds of input yields 350 pounds of output as shown below:
|
Product |
Output |
Separable Costs |
Ending Inventory |
Sales Value at Split-Off |
Sales Value |
|
A |
40 |
$10 |
5 |
$60 |
$96 |
|
B |
60 |
27 |
8 |
78 |
106 |
|
C |
80 |
8 |
12 |
80 |
84 |
|
D |
100 |
15 |
18 |
102 |
120 |
|
E |
70 |
0 |
20 |
.25 |
0 |
The joint cost amount is $224.
Required:
- Find value of ending inventory using
- Physical units method
- Net realizable value method (sales value at split-off known)
- Constant growth margin percentage method
- What products should be processed beyond split-off? You must support your answer.
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Assume that Thomsen has a joint process where 370 pounds of
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