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?Chapter 11 Home : McGraw-Hill Education ( × C O Not secure ezto.mheducation.com/hm.tpx value 10.00 points Blasto, Inc, operates several mines. At one, a typical batch of ore run through the plant yields three products: lead, copper, and manganese. At the split-off point, the intermediate products cannot be sold without further processing. The lead from a typical batch sells for $65,000 after incurring additional processing costs of $27,000. The copper is sold for $105,000 after additional processing costs of $10,000, and the manganese yield sells for $85,000 but requires additional processing costs of $28,000. The joint costs of processing the raw ore, including the cost of mining, are $150,000 per batch Required: Use the estimated net realizable value method to allocate the joint processing costs. (Do not round your intermediate calculations.) Cost Allocation Lead Copper Manganese References eBook & Resources Exercise Dimicuity: 2 Medium Check my.WOrS O Type here to search up

Explanation / Answer

Cost allocation :

Production Net realizable value Cost allocation Lead 38000 38000*150000/190000 30000 Copper 95000 95000*150000/190000 75000 Manganese 57000 57000*150000/190000 45000 Total 190000 150000

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