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Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $151,044. Additional information is as follows: If Processed Further Product Units Produced Sales Value at Split-Off Additional Sales Value Costs A 9,720 BC B 5,800 C 2,900 $ 62,320 50,750 34,800 $ 86,620 $ 6,480 65,250 43,500 8,700 11,600 18,420 $ 147,870 $ 195,370 $ 26,780 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Note: Do not round intermediate calculations. Multiple Choice $76,704 $79,704 $78.704

Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $151,044. Additional information is as follows: If Processed Further Product Units Produced Sales Value at Split-Off Additional Sales Value Costs A 9,720 BC B 5,800 C 2,900 $ 62,320 50,750 34,800 $ 86,620 $ 6,480 65,250 43,500 8,700 11,600 18,420 $ 147,870 $ 195,370 $ 26,780 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Note: Do not round intermediate calculations. Multiple Choice $76,704 $79,704 $78.704

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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am. 113.

Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $151,044. Additional information is as follows: If Processed Further Product Units Produced Sales Value at Split-Off Additional Sales Value Costs A 9,720 BC B 5,800 C 2,900 $ 62,320 50,750 34,800 $ 86,620 $ 6,480 65,250 43,500 8,700 11,600 18,420 $ 147,870 $ 195,370 $ 26,780 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Note: Do not round intermediate calculations. Multiple Choice $76,704 $79,704 $78.704
Transcribed Image Text:Atkinson, Incorporated, manufactures products A, B, and C from a common process. Joint costs were $151,044. Additional information is as follows: If Processed Further Product Units Produced Sales Value at Split-Off Additional Sales Value Costs A 9,720 BC B 5,800 C 2,900 $ 62,320 50,750 34,800 $ 86,620 $ 6,480 65,250 43,500 8,700 11,600 18,420 $ 147,870 $ 195,370 $ 26,780 Assuming that joint production costs are allocated using the physical quantities method (units produced), what were the costs allocated to Product A? Note: Do not round intermediate calculations. Multiple Choice $76,704 $79,704 $78.704
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