Solution-What are the joint costs allocated to gloves and

What are the joint costs allocated to gloves and mittens

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Reference no: EM132655865

Great Falls Company makes two products, Wool Gloves and Wool Mittens. They are initially processed from the same raw material and then, after split-off, further processed separately. Additional information is as follows:

	Gloves	Mittens	Total
Final Sales Price	$9,600	56,660	$16,260
Joint Costs Prior to Split-Off Point		?	$ 7,888
Costs Beyond Split-Off Point	$3,200	$3,200	$ 6,400

Problem 1: What are the Joint costs allocated to Gloves and Mittens assuming Great Falls uses the estimated net realizable value approach

	Gloves	Mittens
A.	$3,944	$3,944
B.	$4,680	$3,208
C.	$5,120	$2,768
O.	$5,280	$2,608

Reference no: EM132655865

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What are the joint costs allocated to gloves and mittens

Reference no: EM132655865

Reference no: EM132655865

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