Solution-What was the joint cost allocated

What was the joint cost allocated

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Reference no: EM132945077

Question - Company manufactures two joint products. Product line one sells at 30 per unit, while product two sells at 60 per unit. The company uses the net realizable value method for allocating joint costs.For the month of May, the production activities were as follows:

Joint production costs 55,000

Further processing costs after split off:

Product one 34,000

Product two 36,000

Number of units produced:

Product one 2,000 units

Product two 1,000 units

Required - What was the joint cost allocated?

Reference no: EM132945077

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What was the joint cost allocated

Reference no: EM132945077

Reference no: EM132945077

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