Question: Corp purchases trees from Vendor and processes them up to the splitoff point where two products ( paper and pencil casings ) are obtained and
Corp purchases trees from Vendor and processes them up to the splitoff point where two products paper and pencil casings are obtained and sold separately. The following information was collected for the month of October:
Trees processed: trees
Production: paper sheets
pencil casings
Sales: paper at $ per page
pencil casings at $ per casing
The cost of purchasing trees and processing them up to the splitoff point to yield sheets of paper and pencil casings is $ Corps accounting department reported no beginning inventory How much is the total cost of goods sold for the period? for paper and pencil casings combined
How much is total gross marginprofit for the period? for paper and pencil casings combined
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