Product Unit Produced 12,000 18,000 AB DNA Ltd. produces two main products, A and B; and,...
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Product Unit Produced 12,000 18,000 AB DNA Ltd. produces two main products, A and B; and, a byproduct, C. There were no beginning inventories. During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows: C Units Sold Unit Sales Price 9,600 $22 15,300 6,000 5,200 Paint Thinner Spot remove please help Assuming DNA recognizes byproduct revenue at the time of sale, what is the total value of ending inventory? 2. 3 Chemical X, Inc. processes pine rosin into three products; turpentine, paint thinner, and spot remover. During June the joint costs of processing were $280,000. Production and sales value information for the month were as follows: ProductUnits Produced Turpentine 3,000 litres 3,000 litres 1,500 litres 38 12,500 SalesValue at Split off Point $30,000 25,000 Determine the amount of joint cost allocated to each product if the physical measure method is used. Product Unit Produced 12,000 18,000 AB DNA Ltd. produces two main products, A and B; and, a byproduct, C. There were no beginning inventories. During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows: C Units Sold Unit Sales Price 9,600 $22 15,300 6,000 5,200 Paint Thinner Spot remove please help Assuming DNA recognizes byproduct revenue at the time of sale, what is the total value of ending inventory? 2. 3 Chemical X, Inc. processes pine rosin into three products; turpentine, paint thinner, and spot remover. During June the joint costs of processing were $280,000. Production and sales value information for the month were as follows: ProductUnits Produced Turpentine 3,000 litres 3,000 litres 1,500 litres 38 12,500 SalesValue at Split off Point $30,000 25,000 Determine the amount of joint cost allocated to each product if the physical measure method is used.
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Apologies for the confusion in my previous response To determine the total value of the ending inven... View the full answer
Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
Posted Date:
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