Board-It, Inc., produces the following types of 2 x 4 x 10 wood boards: washed, stained, and pressure treated. These products are produced jointly until they are cut. One batch produces 45 washed boards, 35 stained boards, and 20 pressure treated boards. The joint production process costs a total of $710 per batch. Using the physical units method, allocate the joint production cost to each product. Round your answers to two decimal places. Joint Product Allocation Washed Stained Pressure treated Totals

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Joint Cost Allocation-Physical Units Method
Board-It, Inc., produces the following types of 2 x 4 x 10 wood boards: washed, stained, and pressure treated. These products are produced jointly until they
are cut. One batch produces 45 washed boards, 35 stained boards, and 20 pressure treated boards. The joint production process costs a total of $710 per
batch.
Using the physical units method, allocate the joint production cost to each product. Round your answers to two decimal places.
Joint Product
Allocation
Washed
Stained
Pressure treated
Totals
Transcribed Image Text:Joint Cost Allocation-Physical Units Method Board-It, Inc., produces the following types of 2 x 4 x 10 wood boards: washed, stained, and pressure treated. These products are produced jointly until they are cut. One batch produces 45 washed boards, 35 stained boards, and 20 pressure treated boards. The joint production process costs a total of $710 per batch. Using the physical units method, allocate the joint production cost to each product. Round your answers to two decimal places. Joint Product Allocation Washed Stained Pressure treated Totals
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