Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3) 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 $592,000. Additional information follows: Product Chem-1 Chem-2 Chem-3 Chem-4 Units Produced 272,000 184,000 192,000 152,000 800,000 Product Chem-1 Chem-2 Chem-3 Chem-4 If Processed Further 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. Joint Costs Allocated Sales Values $ 29,920 Sales Value at Additional Split-Off Costs $ 206,720 276,000 149,760 258,400 $ 244,800 301,760 29,440 23,040 180,000 27,360 285,000 $ 890,880 $ 109,760 $ 1,011,560
Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3) 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 $592,000. Additional information follows: Product Chem-1 Chem-2 Chem-3 Chem-4 Units Produced 272,000 184,000 192,000 152,000 800,000 Product Chem-1 Chem-2 Chem-3 Chem-4 If Processed Further 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. Joint Costs Allocated Sales Values $ 29,920 Sales Value at Additional Split-Off Costs $ 206,720 276,000 149,760 258,400 $ 244,800 301,760 29,440 23,040 180,000 27,360 285,000 $ 890,880 $ 109,760 $ 1,011,560
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3)
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 $592,000. Additional information follows:
Product
Chem-1
Chem-2
Chem-31
Chem-4
Units
Produced
272,000
184,000
192,000
152,000
800,000
Product
Chem-1
Chem-2
Chem-3
Chem-4
If Processed Further
Joint Costs
Allocated
Sales Value at Additional
Split-Off Costs
$ 206,720
276,000
149,760
258,400
$ 890,880
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.
Sales Values
$ 29,920
$ 244,800
301,760
29,440
23,040
180,000
27,360
285,000
$ 109,760 $ 1,011,560](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8666fb30-93a6-4794-b0e4-8d4d5517d572%2F12dd7a95-81e4-47f2-9eab-bc0dab9d6766%2Fb9h44x8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 11-48 (Algo) Physical Quantities Method (LO 11-3)
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 $592,000. Additional information follows:
Product
Chem-1
Chem-2
Chem-31
Chem-4
Units
Produced
272,000
184,000
192,000
152,000
800,000
Product
Chem-1
Chem-2
Chem-3
Chem-4
If Processed Further
Joint Costs
Allocated
Sales Value at Additional
Split-Off Costs
$ 206,720
276,000
149,760
258,400
$ 890,880
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.
Sales Values
$ 29,920
$ 244,800
301,760
29,440
23,040
180,000
27,360
285,000
$ 109,760 $ 1,011,560
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