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how do you do this 6. A business...

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Accounting

how do you do this

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6. A business produces three joint products in a joint production process. Joint production costs for the month totaled $420,000. All products must be processed beyond the split off point to be saleable. The following additional information applies for the month: Units produced Separable costs Sell price of finished unit Product #1 100,000 $3 per unit $28 Product #2 150,000 $5 per unit $25 Product #3 200,000 $2.50 per unit $10 A. Determine the total estimated net realizable value for EACH product at the split off point. B. Determine the amount of joint costs that should be allocated to EACH product for the month using the estimated net realizable value method

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