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Tucariz Company processes Duo into two joint products, Big and Mini. Duo is purchased in...

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Accounting

Tucariz Company processes Duo into two joint products, Big and Mini. Duo is purchased in 1,000 gallon drums for $2,000. Processing costs are $3,000 to process the 1,000 gallons of Duo into 800 gallons of Big and 200 gallons of Mini. The selling price is $9 per gallon for Big and $4 per gallon for Mini. Big can be processed further into 600 gallons of Giant if $1,000 of additional processing costs are incurred. Giant can be sold for $17 per gallon.

Question

If Tucariz uses the net realizable value method to allocate costs to the joint products, the total cost of producing Giant is

  • A.
  • $5,600
  • B.
  • $5,564
  • C.
  • $5,520
  • D.
  • $4,600

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