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Find the amount of joint cost allocated to nuts and bolts

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Reference no: EM133168178

Question - Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $82,000). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten thousand pounds of Bolts can be sold at split- off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. Find the amount of joint cost allocated to Nuts and Bolts?

Reference no: EM133168178

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