Saint John Mining operates several facilities. At one, a typical batch of an ore, Pryex, run through the processing plant yields three products: and At the splitoff point, the intermediate products cannot be sold without further processing. A typical batch of PX sells for $ after incurring additional processing costs of $ PX can be sold for $ after additional processing costs of $ and the PX sells for $ but requires additional processing costs of $ The joint costs of processing the Pryex, including the cost of mining, are $ per batch.
Required:
Use the estimated net realizable value method to allocate the joint processing costs. Note: Do not round intermediate calculations. Enter percentage answers rounded to decimal places and other final answers to the nearest whole dollar amounts.
processing costs of $ and the PX sells for $ but requires additional processing costs of $ The joint costs of processing the Pryex, including the cost of mining, are $ per batch.
Required:
Use the estimated net realizable value method to allocate the joint processing costs. Note: Do not round intermediate calculations. Enter percentage answers rounded to decimal places and other final answers to the nearest whole dollar amounts.
