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Determine the sales value at split off

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Question - Halifax Molding Company processes timber into four molding products. During November the joint costs of processing were $58,000. There was no beginning inventory at the beginning of the month. Production, sales value and separable cost information for the month were as follows:

Molding Product

Meters

Sales Value at Split Off Point

Separable Costs

Final Sales Value

Cove

6,000

$0.30 per meter

$0.15 per meter

$1.00 per meter

Crown

3,000

$0.40 per meter

$0.20 per meter

$2.00 per meter

Baseboard

2,000

$0.45 per meter

$0.25 per meter

$2.50 per meter

Chair Rail

1,000

$0.10 per meter

$0.05 per meter

$0.50 per meter

Required -

1. Determine the Sales Value at split off?

2. Determine the Net Realizable Value?

Reference no: EM133167375

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