Foster Company incurred $200,000 to manufacture the following products in a joint process: $$\begin{array} { c c c c }
\text { Praduct } & \text { Units Praduced } & \text { Weieht per Unit } & \begin{array} { c }
\text { Selling Price } \
\text { per Unit }
\end{array} \
\text { I } & 500 & 8 \mathrm { kgs } & \$ 5 \
\text { J } & 1,000 & 6 \mathrm { kgs } & 10 \
\text { K } & 1,500 & 4 \mathrm { kgs } & 10 \
\text { L } & 2,000 & 2 \mathrm { kgs } & 5
\end{array}$$
- How much joint cost would be allocated to Product K based on the total sales value method?

Question

Foster Company incurred $200,000 to manufacture the following products in a joint process: $$\begin{array} { c c c c } 
\text { Praduct } & \text { Units Praduced } & \text { Weieht per Unit } & \begin{array} { c } 
\text { Selling Price } \
\text { per Unit }
\end{array} \
\text { I }  & 500 & 8 \mathrm { kgs } & \$ 5 \
\text { J } & 1,000 & 6 \mathrm { kgs } & 10 \
\text { K } & 1,500 & 4 \mathrm { kgs } & 10 \
\text { L } & 2,000 & 2 \mathrm { kgs } & 5
\end{array}$$
- How much joint cost would be allocated to Product K based on the total sales value method?

Quizplus · Accepted Answer

The Answer of Foster Company incurred $200,000 to manufacture the following products in a joint process: $$\begin{array} { c c c c } 
\text { Praduct } & \text { Units Praduced } & \text { Weieht per Unit } & \begin{array} { c } 
\text { Selling Price } \
\text { per Unit }
\end{array} \
\text { I }  & 500 & 8 \mathrm { kgs } & \$ 5 \
\text { J } & 1,000 & 6 \mathrm { kgs } & 10 \
\text { K } & 1,500 & 4 \mathrm { kgs } & 10 \
\text { L } & 2,000 & 2 \mathrm { kgs } & 5
\end{array}$$
- How much joint cost would be allocated to Product K based on the total sales value method?

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