Allocate the joint cost of 558000 to the production based


Keiffer Production manufactures three joint products in a single process. The following information is available for August 2010: Sales Value at Split-Off Cost after Final Selling Product Gallons per Gallon Split-Off Price JP-4539 4,500 $14 $4 $24 JP-4587 18,000 8 5 15 JP-4591 13,500 18 2 22 Allocate the joint cost of $558,000 to the production based on the

a. number of gallons.

b. sales value at split-off.

c. approximated net realizable values at split-0ff.

(Round all percentages to the nearest whole percentage.)

Solution Preview :

Prepared by a verified Expert
Cost Accounting: Allocate the joint cost of 558000 to the production based
Reference No:- TGS0822752

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)