Solution-Calculate total joint-product costs before

Calculate total joint-product costs before allocation

Reference no: EM132658517

A products Inc, manufactures tables and chairs from a joint process using the same raw material. Recently, it manufactured 3000 tables having a sales value after split-off point of $20000. During the same time period, it manufactured 1000 chairs having a sales value after split off of $13000.

The portion of total joint product costs that was allocated to tables (using net realizable value method) was $11000.

Problem 1: How to calculate total joint-product costs before allocation? (What formulas are used and how are they used?)

Reference no: EM132658517

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Calculate total joint-product costs before allocation : How to calculate total joint-product costs before allocation? The portion of total joint product costs that was allocated to tables was $11000.

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Calculate total joint-product costs before allocation

Reference no: EM132658517

Reference no: EM132658517

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