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question archive Berger Company manufactures products Delta, Kappa, and Omega from a joint process

Berger Company manufactures products Delta, Kappa, and Omega from a joint process

Subject:AccountingPrice: Bought3

Berger Company manufactures products Delta, Kappa, and Omega from a joint process.Production, sales, and cost data for July follow.
Delta Kappa Omega TotalUnits produced ..................................................... 4,000 2,000 1,000 7,000Joint cost allocation............................................... $36,000 ? ? $ 60,000Sales value at split-off........................................... ? ? $15,000 $100,000Additional costs if processed further ................... $ 7,000 $ 5,000 $ 3,000 $ 15,000Sales value if processed further ............................ $70,000 $25,000 $20,000 $115,000
Required:1. Assuming that joint costs are allocated using the relative-sales-value method, what were thejoint costs allocated to products Kappa and Omega?2. Assuming that joint costs are allocated using the relative-sales-value method, what was thesales value at split-off for product Delta?3. Use the net-realizable-value method to allocate the joint production costs to the threeproducts.

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