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Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $205,000:
After Split-Off
Product Units Produced and Sold Total Separable Costs Total Final Sales Value
M 18,500 $19,400 $245,000
N 12,500 18,200 225,000
T 13,500 4,400 42,000
Required:
Question 1: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.)
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