Arvin, Inc., produces two products, ins and outs, in a single process. The joint costs of this process were $50,000, and 15,000 units of ins and 37,000 units
ofcouts were produced. Separable processing costs beyond the split-off point as follows: ins, $110,000; outs, $465,000. Ins sell for $8.00 per unit:
outs sell for $15.00 per unit.
Reamireds
1. Allocate the $50,000 joint costs using the estimated net realizable value method.