Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $75,000 was as follows: Separable Processing cost Units Produced Sales Value (after additional processing) Multiple Choice O $3,614. O $4,688. The amount of joint costs allocated to product M using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): O $23,438. O $33,434. L $ 10,000 1,200 $ 60,000 O $46,875. M $ 25,000 2,500 $ 50,000 N $ 2,000 4,300 $ 7,000 Total $ 37,00 8,00 $ 117,00

Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $75,000 was as follows: Separable Processing cost Units Produced Sales Value (after additional processing) Multiple Choice O $3,614. O $4,688. The amount of joint costs allocated to product M using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): O $23,438. O $33,434. L $ 10,000 1,200 $ 60,000 O $46,875. M $ 25,000 2,500 $ 50,000 N $ 2,000 4,300 $ 7,000 Total $ 37,00 8,00 $ 117,00

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 13E: Computing joint costssales value at split-off and net realizable value methods D.L. Manufacturing...

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