What were the total costs of product x and y

Reference no: EM13902702

Using joint-process costing to measure product costs. The following information is for Tiger Company, which manufactures products X, Y, and Z from a joint process. Joint product costs were $63,000. Additional information follows.

If Processed Further

Product	Units Produced	Sales Value at Splitoff	Sales Values	Additional Costs
X	14,000	$80,000	$110,000	$18,000
Y	10,000	70,000	90,000	14,000
Z	4,000	50,000	60,000	10,000

a. Assuming that joint product costs are allocated using the physical quantities method, what were the total costs of product X (including $18,000 if processed further)?

b. Assuming the joint product costs are allocated using the net realizable value method, what were the total costs of product Y (including the $14,000 if processed further)?

Reference no: EM13902702

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