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Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $75,000 was...
Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $75,000 was as follows:
LMNTotalSeparable Processing cost$10,000$25,000$2,000$37,000Units Produced1,2002,5004,3008,000Sales Value (after addt’l processing)$60,000$50,000$7,000$117,000
The amount of joint costs allocated to product L using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):
$23,438.
$33,434.
$40,313.
$27,109.
$11,250.
