Aj.4 Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs inMay were $582,000. Additional information follows:ProductChem-1Chem-2Chem-3Chem-4UnitsProduced264,000208,000200,000128,000800,000ProductChem-1Chem-2Chem-3Chem-4If Processed Further.Joint CostsAllocatedSales Value at AdditionalSplit-Off Costs$ 200,640$ 29,040312,00033,280156,00024,000217,60023,040$ 886,240 $ 109,360Required:Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product inMay?Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts.Sales Values$ 237,600341, 120187,500240,000$1,006,220

Joint costs means the costs incurred in producing multiple products simultaneously from the same raw…

Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $582,000. Additional information follows: Product Chen-1 Chen-2 Chem-3 Chem-4 Units Produced 264,000 208,000 200,000 128,000 800,000 Product Chem-1 Chem-2 Chem-3 Chem-4 If Processed Further Joint Costs Allocated Sales Value at Additional Costs Split-Off $ 200,640 312,000 156,000 217,600 $ 886,240 $ 109,360 $ 29,040 33,280 24,000 23,040 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Sales Values. $ 237,600 341,120 187,500 240,000 $ 1,006, 220

Barrett Chemicals manufactures four chemicals, Chem-1, Chem-2, Chem-3, and Chem-4, from a joint process. The total joint costs in May were $582,000. Additional information follows: Product Chen-1 Chen-2 Chem-3 Chem-4 Units Produced 264,000 208,000 200,000 128,000 800,000 Product Chem-1 Chem-2 Chem-3 Chem-4 If Processed Further Joint Costs Allocated Sales Value at Additional Costs Split-Off $ 200,640 312,000 156,000 217,600 $ 886,240 $ 109,360 $ 29,040 33,280 24,000 23,040 Required: Barrett Chemicals uses the physical quantities method to allocate joint costs. What joint costs would be allocated to each product in May? Note: Round percentages to 2 decimals. Round your final answers to the nearest whole dollar amounts. Sales Values. $ 237,600 341,120 187,500 240,000 $ 1,006, 220

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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