Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total Joint costs in May were $602,000. Additional Information follows: Product Chem-1 Chem-2 Chem-3 Chem-4 Units Produced 216,000 160,000 232,000 192,000 see, eee Product Chem-1 S Chem-2 S Chem-3 S Chem-4 S Joint Costs Allocated Sales Value at Split-off $ 164, 160 240,000 180,960 326,400 $ 911,520 216,000 160,000 232,000 192,000 If Processed Further Additional Costs $ 23,760 25,600 Required: Barrett Chemicals uses the physical quantities method to allocate Joint costs. What Joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. 27,840 34,560 $ 111,760 Sales Values $ 194,400 262,400 217,500 360,000 $ 1,034,300
Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total Joint costs in May were $602,000. Additional Information follows: Product Chem-1 Chem-2 Chem-3 Chem-4 Units Produced 216,000 160,000 232,000 192,000 see, eee Product Chem-1 S Chem-2 S Chem-3 S Chem-4 S Joint Costs Allocated Sales Value at Split-off $ 164, 160 240,000 180,960 326,400 $ 911,520 216,000 160,000 232,000 192,000 If Processed Further Additional Costs $ 23,760 25,600 Required: Barrett Chemicals uses the physical quantities method to allocate Joint costs. What Joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. 27,840 34,560 $ 111,760 Sales Values $ 194,400 262,400 217,500 360,000 $ 1,034,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total Joint costs in
May were $602,000. Additional Information follows:
Product
Chem-1
Chem-2
Chem-3
Chem-4
Product
Chem-1
Chem-2
Chem-3
Chem-4
Units
Produced
S
S
S
S
216,000
160,000
232,000
192,000
800,000
Joint Costs
Allocated
Sales Value
at Split-off
$164,160
216,000
160.000
232,000
192,000
240,000
180,960
326,400
$911,520
Required:
Barrett Chemicals uses the physical quantities method to allocate Joint costs. What Joint costs would be allocated to each product in
Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.
If Processed Further
Additional
Costs
$23,760
25,600
27,840
34,560
$ 111,760
Sales Values
$ 194,400
262,400
217,500
360,000
$ 1,034,300
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