Sheffield Minerals processes materials extracted from mines. The most common raw material that it processes...
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Sheffield Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $180,600 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product.
Sales Value at Split-Off Point
Allocated Joint Costs
Cost to ProcessFurther
Sales Value of Processed Product
Spock
$209,000
$40,900
$109,200
$300,100
Uhura
299,100
59,700
85,900
399,500
Sulu
455,700
80,000
250,300
801,000
Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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