11-27
Name:
Insert Exercise your answers in the gray-shaded cells of columns D and F. Enter
amounts to be subtracted as negatives. Enter answers as formulas where
appropriate. If an answer is incorrect, the word "wrong" will appear.
a. Joint cost
Less NRV of by-product
Joint cost to be allocated
Amount
Percent
Fillet
Smoked
NRV Fillet
NRV of of Smoked
Total NRV
Cost allocation:
Fillet
Smoked
Total cost allocation
b. Separate cost for Fillet
Separate cost for Smoked
Joint costs
Separate costs
Total costs
Divided by pounds
Unit costs
Inventory values:
Fillet
Smoked
Remnants
Total inventory value