Calamata corporation processes a single material into three, Ask an Expert

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Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of processing were $300,000. Production and sales value information for the month were as follows:

Product - Units Produced - Final SalesValue per Unit - Separable Costs

A - 10,000 - $25 - $125,000

B - 15,000 - 30 - 250,000

C - 12,500 - 24 - 125,000

Required: Determine the amount of joint cost allocated to each product if the constant gross-margin percentage NRV method is used.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9971816

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