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1) The joint costs of producing Grade A, Grade B, and Grade C widgets is $100,000....

1) The joint costs of producing Grade A, Grade B, and Grade C widgets is $100,000. You have 2000 pounds of grade A widgets, 3000 pounds of grade B widgets, and 5000 pounds of grade C widgets. Allocate joint cost to the three grades of widgets using the physical units method.

2) Refer to # 1. Assume that you use the weighted average method to allocate joint costs. Assume that the weight factors are as follows: Grade A, 4.0; Grade B, 1.0; Grade C, 0.75. Allocate joint costs to the three grades of widgets.

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