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What allocate the joint costs to using the weighted average

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Reference no: EM132742050

Scotland Beauty Products manufactures face cream, body lotion, and liquid soap in a joint manufacturing process. At the split-off point, the company has 300 pounds of face cream, 200 pounds of body lotion, and 300 pounds of liquid soap and has incurred $200,000 in joint costs.

Problem 1: Using the weighted average method, allocate the joint costs to:

a. Face Cream with a weight factor of 1 $
b. Body Lotion with a weight factor of 3 $
c. Liquid Soap with a weight factor of 1 $

Reference no: EM132742050

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