FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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  1. Walman Corp. manufactures products X, Y, and Z from a joint production process. Joint costs are allocated to products based on relative sales value of the products at the split-off point. Additional information is as follows:

 

 

 

X

 

Y

 

Z   Total

Units produced

 

14,000

 

10,000

 

6,000

 

30,000

Allocated joint costs

$

204,000

$

90,000

$

66,000

$

360,000

Sales value at split-off

 

?

 

150,000

 

110,000

 

600,000

Additional costs for further processing

 

38,000

 

30,000

 

22,000

 

90,000

Sales value if processed further

 

348,000

 

185,000

 

147,000

 

680,000

                 

 

Product X's sales value at the split-off point is:

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