Complete the following questions using Microsoft Excel. No other submission format is allowed. Review the grading rubric to confirm you are meeting the assignment requirements.
Wayne Corporation manufactures three joint products in a single process. The information below is for August 2022:
Sales value at split-off
Cost after split-off
Final selling price
Allocate the joint cost of 600,000SAR to the production based on the following (round to the nearest whole percentage):
1. Number of gallons
2. Sales value at split-off
3. Approximate net realizable value at split-off
4. Do you see any problems with the allocation based on the net realizable value? Explain.
5. Which method seems to be the most realistic and relevant given what we know about the costs?
You must show your work for credit!
Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. Use the Saudi Digital Library to find your resources.
Use Saudi Electronic University academic writing standards and follow APA style guidelines.
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Plagiariism percentage must be very very low.
Attached chapter 5 for more information.