Hatchett Inc

Multiple Choice

Hatchett Inc.produces joint products L,M,and N from a joint process.Information concerning a batch produced in May at a joint cost of $75,000 was as follows:
The amount of joint costs allocated to product L using the net realizable value method is (calculate all ratios and percentages to 4 decimal places,for example 33.3333%,and round all dollar amounts to the nearest whole dollar) :

A) $3,614.
B) $11,250.
C) $40,312.
D) $33,434.
E) $37,952.