Calamata Corporation processes a single material into three separate products A,B,and C.During September,the joint costs of processing were $300,000.Production and sales value information for the month were as follows:

Required:
Determine the amount of joint cost allocated to each product if the constant gross margin percentage of NRV method is used.

Question

Calamata Corporation processes a single material into three separate products A,B,and C.During September,the joint costs of processing were $300,000.Production and sales value information for the month were as follows:
  
Required:
Determine the amount of joint cost allocated to each product if the constant gross margin percentage of NRV method is used.

Quizplus · Accepted Answer

The Answer of Calamata Corporation processes a single material into three separate products A,B,and C.During September,the joint costs of processing were $300,000.Production and sales value information for the month were as follows:
  
Required:
Determine the amount of joint cost allocated to each product if the constant gross margin percentage of NRV method is used.

Calamata Corporation Processes a Single Material into Three Separate Products