Accounting for Joint Production Processes Physical Units Method A sawmill processes logs into four grades of lumber totaling 3,000,000 board feet as follows: Percent of Joint Cost Grades Board Feet Units Allocation First and second 450,000 0.15 $27,900 No.1 common 1,200,000 0.40 74,400 No.2 common 600,000 0.20 37,200 No.3 common 750.000 025 46,500 Totals 3,000,000 $186,000 海南大学董建华讲授 9-20日海南大学董建华讲授 9- 20 A sawmill processes logs into four grades of lumber totaling 3,000,000 board feet as follows: Percent of Joint Cost Grades Board Feet Units Allocation First and second 450,000 0.15 $ 27,900 No. 1 common 1,200,000 0.40 74,400 No. 2 common 600,000 0.20 37,200 No. 3 common 750,000 0.25 46,500 Totals 3,000,000 $186,000 Accounting for Joint Production Processes Physical Units Method