Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $180,000: Product M N Units Produced and Sold 16,000 10,000 11,000 Product M N T After Split-Off Allocated Joint Cost Total Separable Costs $ 14,200 15,200 7,600 Required: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.) Total Final Sales Value $ 220,000 200,000 37,000
Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $180,000: Product M N Units Produced and Sold 16,000 10,000 11,000 Product M N T After Split-Off Allocated Joint Cost Total Separable Costs $ 14,200 15,200 7,600 Required: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.) Total Final Sales Value $ 220,000 200,000 37,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vishnu
Transcribed Image Text:Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a
joint cost of $180,000:
Product
M
N
Units Produced and
Sold
16,000
10,000
11,000
Product
M
N
T
After Split-Off
Allocated
Joint Cost
Total Separable
Costs
$ 14,200
15,200
7,600
Required:
How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round
intermediate calculations. Enter your final answers in whole dollars.)
Total Final Sales
Value
$ 220,000
200,000
37,000
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