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Ivanhoe Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $181,000 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. Spock Uhura Sulu Sales Value at Split-Off Point $209,300 300,900 454,800 Allocated Joint Costs Incremental profit (loss) $ $40,200 60,800 80,000 Cost to Process Further $110,200 Spock 84,600 249,400 Sales Value of Processed Product $ $299,400 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 400,400 799,200 Uhura $ Sulu

Ivanhoe Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $181,000 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. Spock Uhura Sulu Sales Value at Split-Off Point $209,300 300,900 454,800 Allocated Joint Costs Incremental profit (loss) $ $40,200 60,800 80,000 Cost to Process Further $110,200 Spock 84,600 249,400 Sales Value of Processed Product $ $299,400 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 400,400 799,200 Uhura $ Sulu

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Ivanhoe Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $181,000 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. Spock Uhura Sulu Sales Value at Split-Off Point $209,300 300,900 454,800 Allocated Joint Costs Incremental profit (loss) $ $40,200 60,800 80,000 Cost to Process Further Spock $110,200 84,600 249,400 Sales Value of Processed Product $ $299,400 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 400,400 799,200 Uhura $ Sulu
Transcribed Image Text:Ivanhoe Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Spock, Uhura, and Sulu. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $181,000 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. Spock Uhura Sulu Sales Value at Split-Off Point $209,300 300,900 454,800 Allocated Joint Costs Incremental profit (loss) $ $40,200 60,800 80,000 Cost to Process Further Spock $110,200 84,600 249,400 Sales Value of Processed Product $ $299,400 Determine the incremental profit or loss that each of the three joint products. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 400,400 799,200 Uhura $ Sulu
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