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What are the joint costs allocated to gloves and mittens

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Great Falls Company makes two products, Wool Gloves and Wool Mittens. They are initially processed from the same raw material and then, after split-off, further processed separately. Additional information is as follows:

 

Gloves

Mittens

Total

Final Sales Price

$9,600

56,660

$16,260

Joint Costs Prior to Split-Off Point

 

?

$ 7,888

Costs Beyond Split-Off Point

$3,200

$3,200

$ 6,400

Problem 1: What are the Joint costs allocated to Gloves and Mittens assuming Great Falls uses the estimated net realizable value approach

 

Gloves

Mittens

A. 

$3,944

$3,944

B. 

$4,680

$3,208

C. 

$5,120

$2,768

O.

$5,280

$2,608

Reference no: EM132655865

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