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Calculate the amount of joint cost

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Question - XYZ Corporation manufactures two products out of a joint process-A and B. The joint costs incurred are $400,000 for a standard production run that generates 70,000 pounds of A and 30,000 pounds of B. A can sell for $9.00 per pound whereas B sells for $7.00 per pound. If additional processing costs beyond the splitoff point are $1.00 per pound for A and $2.333 per pound for B, calculate the amount of joint cost of each production run allocated to B on an estimated net realizable value basis?

A) $80,005

B) $147,350

C) $320,000

D) $175,000

Reference no: EM132782374

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