Determine the amount of the joint costs

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Ralph Inc. produces two products, X and Y, in a single joint process. In the month of September, the joint costs were $75,000 when 10,000 units of Product X and 15,000 units of Product Y were produced. Additional (separable) processing costs were $15,000 for Product X and $10,000 for Product Y. Product X sells for $10 per unit, and Product Y sells for $5 per unit.

Determine the amount of the joint costs allocated to Product X using the net realizable value method.

Reference no: EM131285278

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