Moore Company Moore Company produces three products from the same process and incurs joint processing costs of $3,000.

Gallons Sales price per gallon at split-off Disposal cost per gallon at split-off Further processing costs Final sales price per gallon

M 2,300 $ 4.50 $1.25 $1.00 $ 7.00

N 1,100 6.00 3.00 2.00 10.00

Q 500 10.00 8.00 2.00 15.00

Disposal costs for the products if they are processed further are: M,$3.00;N,$5.50;Q,$1.00. Refer to Moore Company.What amount of joint processing cost is allocated to the three products using sales value at split-off?

Question

Moore Company Moore Company produces three products from the same process and incurs joint processing costs of $3,000.

	Gallons	Sales price per gallon at split-off	Disposal cost per gallon at split-off	Further processing costs	Final sales price per gallon
M	2,300	$ 4.50	$1.25	$1.00	$ 7.00
N	1,100	6.00	3.00	2.00	10.00
Q	500	10.00	8.00	2.00	15.00

Disposal costs for the products if they are processed further are: M,$3.00;N,$5.50;Q,$1.00. Refer to Moore Company.What amount of joint processing cost is allocated to the three products using sales value at split-off?

Quizplus · Accepted Answer

The Answer of Moore Company Moore Company produces three products from the same process and incurs joint processing costs of $3,000.

	Gallons	Sales price per gallon at split-off	Disposal cost per gallon at split-off	Further processing costs	Final sales price per gallon
M	2,300	$ 4.50	$1.25	$1.00	$ 7.00
N	1,100	6.00	3.00	2.00	10.00
Q	500	10.00	8.00	2.00	15.00

Disposal costs for the products if they are processed further are: M,$3.00;N,$5.50;Q,$1.00. Refer to Moore Company.What amount of joint processing cost is allocated to the three products using sales value at split-off?

Moore Company Moore Company Produces Three Products from the Same Process and Process