13134 wil management. 6-2. Joint product cost allocation-market value method. Vallarta Company manufactures three produc

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13134 Wil Management 6 2 Joint Product Cost Allocation Market Value Method Vallarta Company Manufactures Three Produc 1 (79.44 KiB) Viewed 10 times

13134 wil management. 6-2. Joint product cost allocation-market value method. Vallarta Company manufactures three products-D, F, and L. The first part of the manufacturing process is joint and the current period joint costs total $100,000. Other current Information is as follows: Product D L 1 Processing Cost After Split-Off $ 60,000 40,000 140,000 Number of Units Produced 5,000 2,000 7,000 Number of Units Sold 4,000 1,500 6,300 potior $7 per Unil Sales. Price $20 30 40 Required: (1) Compute the dollars that should be assigned to finished goods inventory for financial statement presentation, allocating joint cost by the market value method. (2) Vallarta now discovers that it would be possible to sell products D and F at the split-off point for $10 and $8, respectively. Should the company sell these products at the split-off point or process them further? (CGAAC adapted)