Solution-Find the four unknowns in the preceding table

Find the four unknowns in the preceding table

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Reference no: EM132841825

Problem - Palen Chemical Company manufactures X-111, X-112, and X-113 from a joint process. The following information is available for the period just ended:

	X-111	X-112	X-113	Total
Units produced	6,000	14,000	30,000	50,000
Joint cost allocation	?	$18,400	?	$80,000
Sales value at split-off	$104,000	?	?	$260,000

Required -

A. Does Palen allocate joint costs by using the physical-units method? Explain.

B. Assume that Palen does not use the physical-units method but instead allocates joint costs by using the relative-sales-value method. Find the four unknowns in the preceding table.

Reference no: EM132841825

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Find the four unknowns in the preceding table

Reference no: EM132841825

Reference no: EM132841825

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