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Allocate the joint costs using the sales-value-at-split-off method. If required, round allocation rates to four decimal places and round the final allocations to the nearest dollar. Allocated Joint Cost Barlon Selene Plicene Corsol Total

Allocate the joint costs using the sales-value-at-split-off method. If required, round allocation rates to four decimal places and round the final allocations to the nearest dollar. Allocated Joint Cost Barlon Selene Plicene Corsol Total

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required: Allocate the joint costs using the sales-value-at-split-off method. If required, round allocation rates to four decimal places and round the final allocations to the nearest dollar. Allocated Joint Cost Barlon Selene Plicene Corsol Total (Note: The total of the allocated cost may not equal actual total costs to due to rounding.)
Transcribed Image Text:Required: Allocate the joint costs using the sales-value-at-split-off method. If required, round allocation rates to four decimal places and round the final allocations to the nearest dollar. Allocated Joint Cost Barlon Selene Plicene Corsol Total (Note: The total of the allocated cost may not equal actual total costs to due to rounding.)
Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $75,000 Direct labor 30,000 Overhead 25,500 At the split-off point, a batch yields 1,200 barlon, 2,400 selene, 2,300 plicene, and 3,700 corsol. All products are sold at the split-off point: barlon sells for $18 per unit, selene sells for $21 per unit, plicene sells for $25 per unit, and corsol sells for $36 per unit.
Transcribed Image Text:Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $75,000 Direct labor 30,000 Overhead 25,500 At the split-off point, a batch yields 1,200 barlon, 2,400 selene, 2,300 plicene, and 3,700 corsol. All products are sold at the split-off point: barlon sells for $18 per unit, selene sells for $21 per unit, plicene sells for $25 per unit, and corsol sells for $36 per unit.
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