Exercise Five (4.5 points) Part A Glenwilliams Lumber Company manufactures 3 pro

Question

Exercise Five (4.5 points) Part A Glenwilliams Lumber Company manufactures 3 products: Poplar, Birch, and Pine from a joint process. Joint-process costs in 2015 were $3,000,000. Additional information regarding the three products is as follows Product. T- Board bri Value at arther 1 200.000 $40,000,000 10,000,000 24,000,000 $72 600 What are the joint costs allocated to poplar, birch, and pine assuming Glenwilliams uses the physical units method? is allocated to poplar is allocated to birch is allocated to pine rch

Explanation / Answer

Allocated to poplar = 3000000*1200000/3600000 = $ 10,00,000 Allocated to birch = 3000000*600000/3600000 = $   5,00,000 Allocated to pine = 3000000*1800000/3600000 = $ 15,00,000 Total joint cost allocated $ 30,00,000

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