Chapter 7--Joint Product and By-Product Costing
2002-11-1 · Process Cost Tons of Output. Quarry $350,000 100,000. Cutting 250,000 90,000. Monuments 300,000 25,000. Granite slabs 400,000 60,000. Grit 10,000 5,000. Quarry and Cutting are joint processes. A local farm-supply distributor purchases all of the grit that is produced at $40 per ton. Assume that Granite City uses the physical units method to ...