How much of joint cost should allocate to each joint product

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Reference no: EM132502368

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 $210,000:

After Split-Off

Product Units                   Produced and Sold              Total Separable Costs           Total Final Sales Value

M                                             19,000                             $ 19,600                       $ 250,000

N                                              13,000                              14,000                         230,000

T                                                14,000                              9,400                            43,000

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.)

Reference no: EM132502368

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