Business, 08.04.2020 02:13 jjscreamsinside3820

Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: M1 M2 B1 Total Units produced 28,200 13,100 9,900 51,200 Allocated joint costs ? ? ? $ 373,000 Sales value at split-off $ 402,000 $ 268,000 $ 93,000 $ 763,000 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1?

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Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product...