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physical quantities method the following questions relate to kyle company which manu 691201

Physical Quantities Method

The following questions relate to Kyle Company, which manufactures products KA, KB, and KC from a joint process. Joint product costs were $126,000. Additional information follows:

 

 

 

If Processed Further

 

Units

Sales Value

Sales

Additional

Product

Produced

at Split Off

Values

Costs

KA

56,000

$160,000

$220,000

$36,000

KB

40,000

140,000

180,000

28,000

KC

16,000

100,000

160,000

20,000

Required

a. Assuming that joint product costs are allocated using the physical quantities (units produced) method, what was the total cost of product KA (including $36,000 if processed further)?

b. Assuming that joint product costs are allocated using the sales value at split off (net realizable value method), what was the total cost of product KB (including the $28,000 if processed further)?

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