Joint Cost AllocationPhysical Units Method Medieval Blacksmith Co. produces two types of decorative swords, a...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Joint Cost AllocationPhysical Units Method
Medieval Blacksmith Co. produces two types of decorative swords, a broadsword and a longsword. The swords are made through a joint production process that ultimately produces 49 broadswords and 21 longswords and costs a total of $4,200 per batch. After the split-off point, each type of sword goes through an additional crafting process before it is sold. The additional production process of the broadsword costs $49 per sword, after which it is sold for $180 per sword. The additional production process of the longsword costs $26 per sword, after which it is sold for $148 per sword.
Determine the amount of joint production costs allocated to each type of sword using the physical units method.
Joint Product
Allocation
Broadsword
$fill in the blank 1
Longsword
fill in the blank 2
Totals
$fill in the blank 3
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
