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Calculate the amount of joint cost of each production run

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Reference no: EM132755384

Lafayette Company manufactures two products out of a joint process:

Compod and Ultrasene. The joint costs incurred are $930,000 for a standard production run that generates 138,000 gallons of Compod and 98,000 gallons of Ultrasene. Compod sells for $15.00 per gallon while Ultrasene sells for $14.25 per gallon.

Question 1. If there are no additional processing costs incurred after the split-off point, calculate the amount of joint cost of each production run allocated to Compod on a physical-units basis. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)

Reference no: EM132755384

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