Problem

Joint ProductsBravo Company produces joint products J, K, and B from a joint process. This...

Joint Products

Bravo Company produces joint products J, K, and B from a joint process. This infor­mation concerns a batch produced in April at a joint cost of $60,000:

 

 

After Split-Off

Product

Units Produced and Sold

Total Additional Costs

Total Final Sales Value

J

1,000

$10,000

$90,000

K

2,000

10,000

50,000

B

4,000

5,000

10,000

Required How much of the joint cost should be allocated to each joint product using the net realizable value method?

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Solutions For Problems in Chapter 7