Colts Company manufactures three products from a joint process.Joint costs for the year amount to $500,000.The following data are available: In addition,the following weights were available:
Required:
Using the relative-sales-value method,determine the amount of joint costs allocated to each product.

Question

Colts Company manufactures three products from a joint process.Joint costs for the year amount to $500,000.The following data are available:  In addition,the following weights were available:
 Required:
Using the relative-sales-value method,determine the amount of joint costs allocated to each product.

Quizplus · Accepted Answer

The Answer of Colts Company manufactures three products from a joint process.Joint costs for the year amount to $500,000.The following data are available:  In addition,the following weights were available:
 Required:
Using the relative-sales-value method,determine the amount of joint costs allocated to each product.

Colts Company Manufactures Three Products from a Joint Process