Timberland Corporation Produces Three Products from a Joint Process: One-X,Two-Y,and

Essay

Timberland Corporation produces three products from a joint process: One-X,Two-Y,and Three-Z.Each product can be processed further and sold for more.Data on the processes are as follows: $$\begin{array} { | l | r | r | r | r | } \hline \text { Procuct } & \text { One-x } & \text { Two-Y } & \text { Three-Z } & \text { Total } \\\hline \text { Units produced } & 16,000 & 8,000 & 4,000 & 28,000 \\\hline \text { Joint costs } & \$ 60,000 & ( \text { a } ) & ( b ) & \$ 120,000 \\\hline \begin{array} { l } \text { Sales value at } \\\text { split-oft }\end{array} & ( c ) & ( d ) & \$ 30,000 & \$ 200,000 \\\hline \begin{array} { l } \text { Additional } \\\text { Processing Costs }\end{array} & \$ 14,000 & \$ 10,000 & \$ 6,000 & \$ 30,000 \\\hline \begin{array} { l } \text { Sales value if } \\\text { Processed Further }\end{array} & \$ 140,000 & \$ 60,000 & \$ 40,000 & \$ 240,000 \\\hline\end{array}$$
The amount of joint costs for One-X is the amount that has been allocated.Required:
Determine the values for the lettered spaces.(CPA adapted)