Allocating joint product cost Turley Chemical Company makes three products, B7, K6, and X9, which


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Allocating joint product cost Turley Chemical Company makes three products, B7, K6, and X9, which 1 answer below » Allocating joint product cost Turley Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 300,000 pounds of raw materials, the company gener- ates 70,000 pounds of B7, 150,000 pounds of K6, and 80,000 pounds of X9. A standard batch costs $2,400,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required Allocate the joint product cost among the three final products using weight as the allocation base. Allocate the View complete question » Allocating joint product cost Turley Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 300,000 pounds of raw materials, the company gener- ates 70,000 pounds of B7, 150,000 pounds of K6, and 80,000 pounds of X9. A standard batch costs $2,400,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required Allocate the joint product cost among the three final products using weight as the allocation base. Allocate the joint product cost among the three final products using market value as the allocation base. View less » Sep 01 2015 02:18 PM

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