Exercise 11-48 (Algo) Net Realizable Value Method (LO 11-7) Deming & Sons manufactures four grades of lubricant, W-10, W

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Exercise 11 48 Algo Net Realizable Value Method Lo 11 7 Deming Sons Manufactures Four Grades Of Lubricant W 10 W 1 (37.74 KiB) Viewed 44 times

Exercise 11-48 (Algo) Net Realizable Value Method (LO 11-7) Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows: If Processed Further Product W-10 W-20 Units Produced 61,600 44,000 35,200 35,200 176,000 Sales Value at Split-Off $ 368,000 316,000 212,000 160,000 $1,056,000 W-30 Additional Costs Sales Values $ 39,600 $ 402,000 31,600 368,000 21,200 264,000 13,200 176,000 $105,600 $1,210,000 W-40 Required: Assuming that total joint costs of $443,520 were allocated using the sales value at split-off (net realizable value method), what joint costs were allocated to each product? (Do not round intermediate calculations.) Product NRV at Split- Off Joint Costs Allocated W-10 W-20 W-30 W-40