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Chen Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Larco, Marco, and Narco. Each of these products can be sold as is, or each can be processed further and sold for a higher price. The company incurs joint costs of $180,149 to process one batch of the raw material that produces the three joint products. The following cost and sales information is available for one batch of each product. Each numbers follows the top rows respectfully from left to right.

Sales Value at?
Split-Off Point?
Allocated?
Joint Costs?
Cost to?
Process Further?
Sales Value of?
Processed Product?
Larco $219,824 $40,105 $110,774 $299,321
Marco 300,038 59,966 84,728 400,493
Narco 404,089 80,078 249,078 799,763
Determine the incremental profit or loss that each of the three joint products.?(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Narco (last row to the right of Marco) Larco Marco
Incremental profit (loss) $ $ $

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Indicate whether each of the three joint products should be sold as is, or processed further.

Lar
co
?Processed furtherSold as is
Mar
co
?Sold as isProcessed further
Nar
co
?Processed furtherSold as is

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DATE ANSWERED

Apr 19, 2020

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