Question

Longtime Chemical produced 10,000 gallons of Greon and 20,000 gallons of Baron. Joint costs incurred in producing the two products totaled $7,800. At the split-off point, Greon has a market value of $6.00 per gallon and Baron $4.00 per gallon. What portion of the joint costs should be allocated to Greon if the basis is market value at point of separation?
a. $3,343.
b. $6,457.
c. $7,800.
d. $60,000.
e. $6,850.


$1.99
Sales0
Views140
Comments0
  • CreatedSeptember 19, 2013
  • Files Included
Post your question
5000