Required information Problem 17-30 Joint Cost Allocation; Missing Data (LO 17-4) [The following information applies to the questions displayed below.] Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data for July follow. Units produced Joint cost allocation. Sales value at split-off Additional costs if processed further Sales value if processed further Problem 17-30 Part 1 Kappa Omega Delta Allocation of Joint Costs 5,800 $ 68,400 Kappa 3,080 ? ? $ 8,800 $ 6,800 $160,000 $70,000 Omega 1,720 ? $28,500 $ 4,800 $65,000 Required: 1. Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Kappa and Omega? (Do not round intermediate calculations.) Total 10,600 $ 96,000 $190,000 $ 20,400 $295,000

Required information Problem 17-30 Joint Cost Allocation; Missing Data (LO 17-4) [The following information applies to the questions displayed below.] Berger Company manufactures products Delta, Kappa, and Omega from a joint process. Production, sales, and cost data for July follow. Units produced Joint cost allocation. Sales value at split-off Additional costs if processed further Sales value if processed further Problem 17-30 Part 1 Kappa Omega Delta Allocation of Joint Costs 5,800 $ 68,400 Kappa 3,080 ? ? $ 8,800 $ 6,800 $160,000 $70,000 Omega 1,720 ? $28,500 $ 4,800 $65,000 Required: 1. Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Kappa and Omega? (Do not round intermediate calculations.) Total 10,600 $ 96,000 $190,000 $ 20,400 $295,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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