Question: am Instructure.com Question 21 Answer the following questions using the information below The Mac Company processes two chemicals, mace and pepper spray. One chemical process

 am Instructure.com Question 21 Answer the following questions using the information
below The Mac Company processes two chemicals, mace and pepper spray. One

am Instructure.com Question 21 Answer the following questions using the information below The Mac Company processes two chemicals, mace and pepper spray. One chemical process is used by both products. Both products are se point. Mace is ready for sale immediately upon solitol, but pepper spray requires further processing to create a stable product During 20xx the production, selir prices and sales were Production pepper spray 10,000 bottles mace 6,240 cans Selling prices and sales: pepper spray $5.00 per bottle. 7.500 bottles sold mace $2.00 per can, 5,000 cans sold The total Joint manufacturing costs for 20XX were $10.000, The Mac Company spent an additional $5,000 to make pepper spray ready to were no beginning inventories for either product What is the allocation of joint costs to MACE using the NRV method for joint cost allocation? O $2.350 $3,125 O $1.950 $2,200 Question 22 4 pts Question 21 Answer the following questions using the information below! The Mac Company processes two chemicals, mace and pepper spray One chemical process is used by both products. Both products are separated at the splitoft point. Mace is ready for sale immediately upon itoft, but pepper spray requires further processing to create a salable product During 20XX, the production, sell prices and sales were Production, pepper spray 10.000 bottles mace 6,240 cans Selling prices and pepper spray $5.00 per bottle 7500 bottles sold mace $2.00 per can. 5.000 cams sold The total joint manufacturing costs for 20XX were $10,000. The Mac Company spent an additional $5,000 to make pepper spray ready for the market. There were no beginning inventories for either product What is the allocation of joint costs to MACE wing the NRV method for joint cost allocation? $2,350 O $3.125 O $1.950 $2,200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!