Solved: What is the amount of joint costs assigned to product y, Accounting Basics

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What is the amount of joint costs assigned to product y

Question - Cumadin Corporation, which manufactures Products W, X, Y, and Z through a joint process costing $18,000, has the following data for 2016:

Sales ValueProductUnits Producedat Split-Off W10,000$5,000 X 6,0002,500 Y16,0003,000 Z 8,0004,500

What is the amount of joint costs assigned to Product Y using the sales-value-at-split-off method?

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Accounting Basics: What is the amount of joint costs assigned to product y

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