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Product using the net realizable value method

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Reference no: EM131721121

Trident Company produces two varieties of pine wood, A & B, from a common processing of lumber. The amount of each product produced in March 2001 is 24,000 square feet and 28,000 square feet respectively. A is a superior grade pine and sells for $6 per square foot. B sells for $5 per square foot. The additional processing costs for A & B are $48,000 and $15,000 respectively. The joint processing cost is $125,000.

Determine the following:

  • Joint cost allocated to each product A & B using the physical volume method, relative sales value method, and net realizable value method.
  • The unit cost of each product using the net realizable value method.

Reference no: EM131721121

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