Munoz chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 318,000 pounds of raw materials, the company generates 76,000 pounds of b7, 156,000 pounds of k6, and 86,000 pounds of x9. a standard batch costs $2,544,000 to produce. the sales prices per pound are $6, $10, and $16 for b7, k6, and x9, respectively.

a. allocate the joint product cost among the three final products using weight as the allocation base.
b. allocate the joint product cost among the three final products using market value as the allocation base.

At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation