ACCT-UB 1 Chapter 1: Chapter 1
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Tango Company produces joint products M, N, and T from a jointprocess. This information concerns a batch produced in April at ajoint cost of $140,000
Product | Units Production and Sold | Total Separable Costs | Total Final Sales Value |
M | 12,000 | $13,400 | $180,000 |
N | 6,000 | 10,000 | 160,000 |
T | 7,000 | 5,200 | 29,000 |
Required:
How much of the joint cost should be allocated to each jointproduct using the net realizable value method? (Enter youranswers in whole dollars.)
Product Allocated Joint Cost
M ___
N ___
T ___