ethod for allocating joint costs. Product information for April was as follow Product S T duced 2,500 5,000 7,500 Id 2,000 6,000 7,000 Fices per unit:
ethod for allocating joint costs. Product information for April was as follow Product S T duced 2,500 5,000 7,500 Id 2,000 6,000 7,000 Fices per unit:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Beagle Manufacturing, Inc. uses a joint production process that produces three products at the split-
off point. Joint production costs during April were $720,000. The company uses the net realizable
value method for allocating joint costs. Product information for April was as follows:
Product
R
T
Units produced
2,500
5,000
7,500
Units sold
2,000
6,000
7,000
Sales prices per unit:
(After further processing)
$150
$115
$30
Costs to process after split-off
$150,000
$150,000 | $100,000
Required:
Prepare a schedule to show the computation for the unit costs for products R, S. T assuming the
company uses net realizable value to allocate joint costs.
**HINT - sales value amount should include the sales value of all product produced, not just the
sales of the product.**"
Transcribed Image Text:2.
Beagle Manufacturing, Inc. uses a joint production process that produces three products at the split-
off point. Joint production costs during April were $720,000. The company uses the net realizable
value method for allocating joint costs. Product information for April was as follows:
Product
R
T
Units produced
2,500
5,000
7,500
Units sold
2,000
6,000
7,000
Sales prices per unit:
(After further processing)
$150
$115
$30
Costs to process after split-off
$150,000
$150,000 | $100,000
Required:
Prepare a schedule to show the computation for the unit costs for products R, S. T assuming the
company uses net realizable value to allocate joint costs.
**HINT - sales value amount should include the sales value of all product produced, not just the
sales of the product.**
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