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Production based on the number of gallons

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Reference no: EM13554824

Keiffer Production manufactures three joint products in a single process. The following information is available for August 2010: Sales Value at Split-Off Cost after Final Selling Product Gallons per Gallon Split-Off Price JP-4539 4,500 $14 $4 $24 JP-4587 18,000 8 5 15 JP-4591 13,500 18 2 22 Allocate the joint cost of $558,000 to the production based on the

a. number of gallons.

b. sales value at split-off.

c. approximated net realizable values at split-0ff.

(Round all percentages to the nearest whole percentage.)

Reference no: EM13554824

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