Deming Sons manufactures four grades of lubricant W10 W20 W

Deming & Sons manufactures four grades of lubricant, W-10, W-20, W-30, and W-40, from a joint process. Additional information follows:

Required:

Assuming that total joint costs of $443,520 were allocated using the physical quantities method, what joint costs were allocated to each product? (Do not round intermediate calculations.)

					If Processed Further
Product	Units Produced	Sales Value at Split-Off	Additional Costs	Sales Values
W-10	61,600	$	368,000		$	39,600		$	402,000
W-20	44,000		316,000			31,600			368,000
W-30	35,200		212,000			21,200			264,000
W-40	35,200		160,000			13,200			176,000
	176,000	$	1,056,000		$	105,600		$	1,210,000

Solution

Grades Joint costs allocation W-10 $                           155,232 =443520*(61600/176000) W-20 $                           110,880 =443520*(44000/176000) W-30 $                              88,704 =443520*(35200/176000) W-40 $                              88,704 =443520*(35200/176000) Total $                           443,520