question archive Corey Corporation manufactures joint products W and X

Corey Corporation manufactures joint products W and X

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Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $300,000 in the production of 20,000 gallons of W and 60,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data:

  W X
Separable processing costs $ 40,000   $ 160,000  
Sales price (per gallon) if processed beyond split-off $ 14   $ 12  
 

The joint cost allocated to X under the net-realizable-value method would be:

Multiple Choice

A. $210,000.

B. $180,000.

C. $184,000.

D. $190,000.

E. None of the answers is correct.

 

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