Moore Company Moore Company Produces Three Products from the Same Process and Process

question 73

Essay

Moore Company
Moore Company produces three products from the same process and incurs joint processing costs of $3,000.

	Gallons	Sales price per gallon at split-off	Disposal cost per gallon at split-off	Further processing costs	Final sales price per gallon
M	2,300	$ 4.50	$1.25	$1.00	$ 7.00
N	1,100	6.00	3.00	2.00	10.00
Q	500	10.00	8.00	2.00	15.00

Disposal costs for the products if they are processed further are:
M,$3.00;N,$5.50;Q,$1.00.
Refer to Moore Company.What amount of joint processing cost is allocated to the three products using net realizable value at split-off?

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Definitions:

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