A company processes a patented chemical, D-12, and produces two outputs, C-30 and C-40. In March, the
Question:
A company processes a patented chemical, D-12, and produces two outputs, C-30 and C-40. In March, the costs to process D-12 are $450,000 for materials and $900,000 for conversion costs. C-30 has a sales value of $2,000,000 and C-40 has a sales value of $500,000.
Required
Using the net realizable value method, assign costs to C-30 and C-40 for March.
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Total joint costs are 1350000 based on the 450...View the full answer
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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