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Product gallons sales value cost after final

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Reference no: EM13301093

Keiffer Production manufactures three joint products in a single process. The following information is available for August 2010:

Product Gallons Sales value Cost after Final

at splitoff splitoff sales

per gallon price

JP-4539 4500 $14 $4 $24

JP-4587 18000 8 5 15

JP-4591 13500 18 2 22

Allocate the joint cost of $558,000 to the production based on the

number of gallons.

sales value at split-off.

approximated net realizable values at split-off.

a.Number of gallons.

Round percentages to one decimal place i.e. 25.5% or .255.

Reference no: EM13301093

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