only need help with ( B) The following questions relate to Kyle Company, which m

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only need help with ( B)

The following questions relate to Kyle Company, which manufactures products KA KB, and KC from a joint process. Joint product costs were $124,000 Additional information follows if Processed Further Units Sales Value Sales Additional Product Produced at Split Off Values Costs KA KB KC 60,000 $130,000 $220,000 $35,000 37,000180,000 200,00030 000 18 000 100,000 120,000 17,000 Required (a) Assuming that joint product costs are allocated using the physical quantities (units produced) method what was the total cost of product KA including $35,000 if processed further)? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Total cost of product KA 99 696

Explanation / Answer

Net realizable value of KB at split-off 180000 Total net realizable value at split-off 410000 Total Joint product costs 124000 Amount allocated from joint costs: (180000/410000)*124000 =54439             54,439 Joint Cost Allocated             54,439 Additional processing costs 30000 Total costs allocated to KB             84,439

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