The Arvid Corporation Manufactures Widgets, Gizmos, and Turnbols from a Joint

question 26

Multiple Choice

The Arvid Corporation manufactures widgets, gizmos, and turnbols from a joint process. May production is 2,000 widgets; 3,500 gizmos; and 4,000 turnbols. Respective per unit selling prices at splitoff are $30, $20, and $10. Joint costs up to the splitoff point are $75,000. If joint costs are allocated based upon the sales value at splitoff, what amount of joint costs will be allocated to the widgets?

• A)$30,882
• B)$26,471
• C)$17,647
• D)$28,125