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How much of the joint costs would be allocated

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Problem - Pop Tent produced three tent products on a joint production line at a joint cost of $160,000. Two of these kayaks were processed further. Production and sales were:

Product

Weight

Sales

Additional Processing Costs

Hanging Pop-Up Tent

100,000 lbs.

245,000

200,000

Standard Pop-Up Tent

200,000 lbs.

30,000

0

Floating Pop-Up Tent

300,000 lbs.

175,000

100,000

If joint costs are allocated based on relative weight of the outputs and all products are joint products, how much of the joint costs would be allocated to the Hanging Pop-Up Tent?

Reference no: EM132993121

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