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From a particular joint process, Watkins Company produces three products, X, Y, and Z.Each product may be sold at the point of split-off or processed further. Additional processing
requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. In 19x1, all three products were processed beyond split-off. Joint production costs for the year were $60,000. Sales values and costs needed to evaluate Watkins's 19x1 production policy follow:
Additional Costs and Sales Values
If Processed Further
Units
Sales Values
Sales
Added
Product
Produced
at Split-Off
Values
Costs
X
6,000
$25,000
$42,000
$9,000
Y
4,000
41,000
45,000
7,000
Z
2,000
24,000
32,000
8,000
Joint costs are allocated to the products in proportion to the relative physical volume of output. Which of the products X, Y, and Z should Watkins subject to additional processing in order to maximize profits?
Under variable costing, each unit of the company's inventory would be carried at:
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