Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a...
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Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: Product W-10 W-20 W-30 W-40 Units Produced 43,400 31,000 24,800 24,800 124,000 If Processed Further Sales Value at Split-Off Additional Costs Sales Values $260,000 $27,800 $283,000 223,000 22,300 260,000 149,000 14,900 186,000 112,000 9,300 124,000 $744,000 $74,300 $853,000 Required: Assuming that total joint costs of $297,600 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) Product NRV at Split- Off Joint Costs Allocated W-10 W-20 W-30 W-40
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