Homework Help: Cost Accounting

Posted by Danny on Monday, October 26, 2009 at 8:07pm.

(allocating joint cost) In one joint process, Hardahl Chemical produces three joint products and one by-product. The following information is available for September 2008 Sales Value at Cost after Final SellingProduct Gallons Split-Off per gallon Split-Off Price Jp-4539 4,000 $12 $3 $21 JP-4587 16,000 8 5 14 JP-4591 12,000 15 2 19 Allocate the joint cost of $465,000 to the production on the a. Number of gallons; b. Sales value at split-off; and c. Approximated net realizable values at split-off.

Please give me the step only, thank you

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