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What are total costs of almond cookies

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Reference no: EM132658935

XYZ company bakes cookies using joint process. Joint-process costs are $50000. The cookies baked are almond, chocolate chip, and raisin.

Joint product costs are allocated using net realizable value method.

 

 

 

If          processed

further

 

Cookie

Units produced

Sales      value      at

split-off

Sales values

Additional costs incurred

Almond

1000

$5000

$25000

$2150

Chocolate chip

2000

$10000

$35000

$3250

Raisin

3000

$15000

$45000

$4150

Question 1: What are total costs of almond cookies including $2150 if it is processed further?

Question 2: What formula is used and how is it used?

 

Reference no: EM132658935

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