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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
$ 6,400
Problem 1: What are the Joint costs allocated to Gloves and Mittens assuming Great Falls uses the estimated net realizable value approach
A.
$3,944
B.
$4,680
$3,208
C.
$5,120
$2,768
O.
$5,280
$2,608
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