Business, 06.05.2020 04:33 jungkookie001

Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows:

Product Pounds Price/lb.
Loin chops 3,000 $5.00
Ground 10,000 2.00
Ribs 4,000 4.75
Bacon 6,000 3.50

The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops?

a. $0.
b. $5,909.
c. $8,600.
d. $10,750.
e. $43,000.

Answers: 3

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Wren Pork Company uses the value basis of allocating joint costs in its production of pork products....