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Foster Company Incurred $200,000 to Manufacture the Following Products in a Joint

Question 128

Multiple Choice

Foster Company incurred $200,000 to manufacture the following products in a joint process:  Selling Price  Product  UnitsProduced  Weightper Unit  per Unit I5008lbs.$5 J1,0006lbs.10 K1,5004lbs.10 L2,0002lbs.5\begin{array}{lrlr}&&&\text { Selling Price }\\\text { Product } & \text { UnitsProduced } & \text { Weightper Unit } & \text { per Unit }\\\mathrm{I} & 500 & 8 \mathrm{lbs} . & \$ 5 \\\mathrm{~J} & 1,000 & 6 \mathrm{lbs} . & 10 \\\mathrm{~K} & 1,500 & 4 \mathrm{lbs} . & 10 \\\mathrm{~L} & 2,000 & 2 \mathrm{lbs} . & 5\end{array} How much joint cost would be allocated to Product K based on the total sales value method?


A) $13,334
B) $80,000
C) $26,666
D) $60,000

Correct Answer:

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