Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning...
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Accounting
Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $110,000 was as follows:
L
M
N
Total
Separable Processing cost
$ 13,500
$ 32,000
$ 12,500
$ 58,000
Units Produced
2,600
6,000
5,700
14,300
Sales Value (after additional processing)
$ 74,000
$ 67,500
$ 28,000
$ 169,500
The amount of joint costs allocated to product L using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):
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