Reference no: EM132502559

Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $180,000:

After Split-Off

Product Units                Produced and Sold                Total Separable Costs                      Total Final Sales Value

M                                    16,000                              $ 14,200                                         $ 220,000

N                                        10,000                               15,200                                          200,000

T                                            11,000                                7,600                                         37,000

Required:

Question 1: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.)