The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $195,000. Additional Information follows. Units Sales Value at Product Produced 81,000 56,700 24,300 ΚΑΙ KB KC Split-Off $256,000 224,000 160,000 If Processed Further Sales Values Additional Costs $54,000 42,000 35,000 $330,000 270,000 240,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)?
The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $195,000. Additional Information follows. Units Sales Value at Product Produced 81,000 56,700 24,300 ΚΑΙ KB KC Split-Off $256,000 224,000 160,000 If Processed Further Sales Values Additional Costs $54,000 42,000 35,000 $330,000 270,000 240,000 Required: a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)? b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $195,000. Additional information follows.
| Product | Units Produced | Sales Value at Split-Off | Sales Value If Processed Further | Additional Costs |
|---------|----------------|--------------------------|----------------------------------|------------------|
| KA | 81,000 | $256,000 | $330,000 | $54,000 |
| KB | 56,700 | 224,000 | 270,000 | 42,000 |
| KC | 24,300 | 160,000 | 240,000 | 35,000 |
**Required:**
a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)?
b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)?
**Complete this question by entering your answers in the tabs below.**
- Required A
- Required B
(Note for Required B Section)
Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)? *(Do not round intermediate calculations.)*
**Total cost of product KB: [Input Box]**
- [Required A Button]
- [Required B Button]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b7abcd0-34a8-4fb1-bbfc-91ff83baf1be%2F43e97ec2-92a0-4c1f-8226-2d163c4b9248%2Fmar50o_processed.png&w=3840&q=75)
Transcribed Image Text:The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $195,000. Additional information follows.
| Product | Units Produced | Sales Value at Split-Off | Sales Value If Processed Further | Additional Costs |
|---------|----------------|--------------------------|----------------------------------|------------------|
| KA | 81,000 | $256,000 | $330,000 | $54,000 |
| KB | 56,700 | 224,000 | 270,000 | 42,000 |
| KC | 24,300 | 160,000 | 240,000 | 35,000 |
**Required:**
a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)?
b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)?
**Complete this question by entering your answers in the tabs below.**
- Required A
- Required B
(Note for Required B Section)
Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)? *(Do not round intermediate calculations.)*
**Total cost of product KB: [Input Box]**
- [Required A Button]
- [Required B Button]
![The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $195,000. Additional information follows:
| Product | Units Produced | Sales Value at Split-Off | If Processed Further | Sales Values | Additional Costs |
|---------|----------------|--------------------------|----------------------|--------------|------------------|
| KA | 81,000 | $256,000 | $330,000 | $54,000 |
| KB | 56,700 | $224,000 | $270,000 | $42,000 |
| KC | 24,300 | $160,000 | $240,000 | $35,000 |
**Required:**
a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)?
b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)?
---
**Complete this question by entering your answers in the tabs below.**
### Required A
- **Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)?** *(Do not round intermediate calculations.)*
- **Total cost of product KA:** [Input box]
### Required B
- [Tab labeled "Required B"]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8b7abcd0-34a8-4fb1-bbfc-91ff83baf1be%2F43e97ec2-92a0-4c1f-8226-2d163c4b9248%2Fjowlc7k_processed.png&w=3840&q=75)
Transcribed Image Text:The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $195,000. Additional information follows:
| Product | Units Produced | Sales Value at Split-Off | If Processed Further | Sales Values | Additional Costs |
|---------|----------------|--------------------------|----------------------|--------------|------------------|
| KA | 81,000 | $256,000 | $330,000 | $54,000 |
| KB | 56,700 | $224,000 | $270,000 | $42,000 |
| KC | 24,300 | $160,000 | $240,000 | $35,000 |
**Required:**
a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)?
b. Assuming that joint product costs are allocated using the sales value at split-off (net realizable value method), what was the total cost of product KB (including the $42,000 if processed further)?
---
**Complete this question by entering your answers in the tabs below.**
### Required A
- **Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $54,000 if processed further)?** *(Do not round intermediate calculations.)*
- **Total cost of product KA:** [Input box]
### Required B
- [Tab labeled "Required B"]
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