Author Question: The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed ... (Read 48 times)

V@ndy87 · **on:** Mar 6, 2021

The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:

Direct Materials processed:

22,500 gallons (after shrinkage)

Production:	Butter Cream	12,000	gallons
	Condensed Milk	10,500	gallons
Sales:	Butter Cream	11,500	gallons
	Condensed Milk	10,000	gallons
Sales Price:	Butter Cream	$3.50	per gallon
	Condensed Milk	$9.00	per gallon
Separable costs in total:	Butter Cream	$15,000
	Condensed Milk	$35,800

The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 22,500 gallons of saleable product was $51,000.

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.)

◦ $34,678
◦ $16,324
◦ $15,000
◦ $35,800

ecabral0 · **Reply #1 on:** Mar 6, 2021

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