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How much of the joint cost should be allocated to each joint

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Question - 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 $200,000:

Product

Units Produced and Sold

After Split-off

Total Separable Costs

Total Final Sales Value

M

18,000

$19,200

$240,000

N

12,000

17,600

220,000

T

13,000

4,200

41,000

Required - How much of the joint cost should be allocated to each joint product using the net realizable value method?

Reference no: EM133119779

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