Misty Manufacturing produced three products in a joint operation. Products O and P were processed further. Product Q was sold at the split-off point. Additional information is as follows:

Required:Allocate the joint costs using the net-realizable-value method , accounting for Product Q as a joint product.

Question

Misty Manufacturing produced three products in a joint operation. Products O and P were processed further. Product Q was sold at the split-off point. Additional information is as follows:
 
Required:Allocate the joint costs using the net-realizable-value method , accounting for Product Q as a joint product.

Quizplus · Accepted Answer

The Answer of Misty Manufacturing produced three products in a joint operation. Products O and P were processed further. Product Q was sold at the split-off point. Additional information is as follows:
 
Required:Allocate the joint costs using the net-realizable-value method , accounting for Product Q as a joint product.

Misty Manufacturing Produced Three Products in a Joint Operation