Colts company manufactures three products from a joint

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Reference no: EM13574486

Colts company manufactures three products from a joint process. Joint costs for the year amount to $500,000. The following data are available:

Number of units produced: Product A:5,000 Product B:4,000 Product C:1,000

Sales Price per Unit Product A:$6 Product B:$10Product C:$10

In addition the following weights were available:

Number of units produced: Product A:5,000 Product B:4,000 Product C:1,000

Weight per Unit: Product A:10 lbs Product B:20lbs Product C:30lbs

Using the relative sales value method, determine the amount of joint costs allocated to each product

Reference no: EM13574486

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