Johnson Company Ellis Company produces two products from a joint process: A and C Joint processing costs for this production cycle are $9,000. 
If A and C are processed further,no disposal costs will be incurred or such costs will be borne by the buyer.
Refer to Johnson Company.Using approximated net realizable value at split-off,what amount of joint processing cost is allocated to Product C (round to the nearest dollar) ?
Definitions:
Amortized Cost Model
An accounting technique used to gradually write down the cost of an intangible asset over its useful life.
Fair Value
The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Profit Or Loss Model
A financial model that calculates the difference between a company’s revenues and its expenses, helping understand its profitability over a certain period.
Q14: The internal business perspective of the balanced
Q17: Which of the following rationales does not
Q17: The nurse is aware that which of
Q86: A primary characteristic of a performance management
Q90: Depreciation on factory equipment is normally a
Q111: The outsourcing decision is also referred to
Q113: The term incremental cost refers to<br>A)the profit
Q117: Brite Surface Company Brite Surface Company produces
Q122: The criteria that are most often used
Q126: Which measure is limited by the fact