Joint Cost AllocationPhysical Units Method Blakes Blacksmith Co. produces two types of shotguns, a 12-gauge...
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Joint Cost AllocationPhysical Units Method
Blakes Blacksmith Co. produces two types of shotguns, a 12-gauge and 20-gauge. The shotguns are made through a joint production process that ultimately produces 35 12-gauge shotguns and 24 20-gauge shotguns and costs a total of $4,100 per batch. After the split-off point, each type of shotgun goes through an additional crafting process before it is sold. The additional production process of the 12-gauge shotgun costs $36 per gun, after which it is sold for $170 per gun. The additional production process of the 20-gauge shotgun costs $20 per gun, after which it is sold for $148 per gun.
Determine the amount of joint production costs allocated to each type of shotgun using the physical units method.
12 gauge $______
20 gauge $______
total $______
Determine the amount of joint production costs allocated to each type of shotgun using the physical units method.
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