On october 1, 20x4, shaw corp. purchased a machine for $126,000 that was placed in service on november 30, 20x4. shaw incurred additional costs for this machine, as follows: shipping $ 3,000 installation 4,000 testing 5,000 in shaw's december 31, 20x4 balance sheet, the machine's cost should be reported as:

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.