Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $154,680. Additional information is as follows: If Processed FurtherProductUnitsProduced Sales Value at Split-Off Sales Value Additional CostsA7,110 $46,660 $64,435 $4,740 B8,150 70,905 91,280 12,225 C4,075 48,900 61,125 16,300 19,335 $166,465 $216,840 $33,265 Assuming that joint product costs are allocated using the net realizable value method, what were the total costs assigned to Product B? Multiple Choice $78,110. $77,906. $77,110. $79,396.

Joint cost =154680 Sale value of B at split off point =70905 Total sale value at split of point…

Answered: t Units Produced Sales Value at…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Atkinson, Inc., manufactures products A, B, and C from a common process. Joint costs were $154,680. Additional information is as follows:

		If Processed Further
Product	Units Produced	Sales Value at Split-Off		Sales Value	Additional Costs
A	7,110	$	46,660		$	64,435	$	4,740
B	8,150		70,905			91,280		12,225
C	4,075		48,900			61,125		16,300
	19,335	$	166,465		$	216,840	$	33,265

Assuming that joint product costs are allocated using the net realizable value method, what were the total costs assigned to Product B?

Multiple Choice

$78,110.
$77,906.
$77,110.
$79,396.

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Decision to Sell before or after additional processing

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions