Subject : Accounting Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs inMay were $564,000. Additional Information follows:ProductChen-1Chem-2Chem-3Chem-4UnitsProducedProductChem-1Chem-2Chem-3Chem-4291,000179,000195,000147,000$12,000sales Value atSplit-off$ 223,000NRV at Split-Off267,000152,600249,400$ 892,000If Processed FurtherJoint CostsAllocatedAdditionalCosts$ 33,00029,70025,20026,600$ 114,500Required:Barrett Chemicals uses the net realizable value method to allocate joint costs. What joint costs would be allocated to each product inMay?Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.sales values$ 263,000293,000183,000273,000$ 1,012,000

The joint cost is the cost that benefits more than one product. The joint cost is incurred during…

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 $564,000. Additional Information follows: Product Chen-1 Chem-2 Chem-3 Chem-4 Units Produced 291,000 179,000 195,000 147,000 $12,000 If Processed Further sales Value at Additional Split-off Costs $ 223,000 267,000 152,600 249,400 $ 892,000 $ 33,000 29,700 25,200 26,600 $ 114,500 Sales values $ 263,000 293,000 183,000 273,000 $ 1,012,000 Required: Barrett Chemicals uses the net realizable value method to allocate joint costs. What joint costs would be allocated to each product is May? Note: Round percentages to 2 decimals, Round your final answers to the nearest whole dollar amounts.