Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $120,000: After Split-Off Product Units Produced and Sold Total Separable Costs Total Final Sales Value
M 10,000 $ 10,000 $ 160,000
N 4,000 10,000 140,000
T 5,000 5,000 25,000
Required:
How much of the joint cost should be allocated to each joint product using the net realizable value method? (Enter your answers in whole dollars.)
Product Allocated Joint Cost
M ___
N ___
T ___