Carson Wood Produc`s processes logs into four grades of lumber totaling 500,000 board feet as follows at

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Carson Wood Produc`s processes logs into four grades of lumber totaling 500,000 board feet as follows at a joint cost of $300,000:

Grade Board Feet Final Sales Value First and second 75,000 $ 56,250 No. 1 common 200,000 180,000 100,000 105,000 No. 2 c

What is the gross profit of No. 3 common if the constant gross margin percentage method is used?

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Cost Management Accounting and Control

ISBN: 978-0324559675

6th Edition

Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan

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Question Posted: Mar 28, 2018 07:32 AM

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Carson Wood Produc`s processes logs into four grades of lumber totaling 500,000 board feet as follows at

Question:

Grade Board Feet Final Sales Value First and second 75,000 $ 56,250 No. 1 common 200,000 180,000 100,000 105,000 No. 2 common 125,000 No. 3 common 127,500

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Constant grossmargin percentage method First and s...View the full answer

Cost Management Accounting and Control

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