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SEE ATTACH FILE! Colts Company manufactures thr...

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SEE ATTACH FILE! Colts Company manufactures three products from a joint process. Joint costs for the year amount to $500,000. The following data are available: Product Number of Units Produced @ split-off Sales price per Unit@ split off A 5,000 $6 B 4,000 $10 C 1,000 Product C is processed further at a cost of $5,000 and then can be sold for $15 per unit. In addition, the following weights were available: Product Number of Units Produced Weight per Unit A 5,000 10 pounds B 4,000 20 pounds C 1,000 30 pounds Required: Using the relative-sales-value method, determine the amount of joint costs allocate to each product. Product A Product B Product C Please show your work step by step!

 

Paper#12911 | Written in 18-Jul-2015

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