Refer to the information in Problem 41. a. Calculate the sales price per gallon for skim milk

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Refer to the information in Problem 41.

a. Calculate the sales price per gallon for skim milk and cream.

b. Using relative sales value, allocate the joint cost to the joint production.

c. Calculate ending Finished Goods Inventory cost, Cost of Goods Sold, and the gross margin for the month.

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jul 17, 2012 06:00 AM

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Refer to the information in Problem 41. a. Calculate the sales price per gallon for skim milk

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a Skim 1472500 1550000 gallons 095 per gallon Cream 282220 274000 gallons 103 per ga...View the full answer

Cost Accounting Foundations and Evolutions

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