Question: help urgent!!! SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000 Production and sales value information for

help urgent!!! help urgent!!! SugarRay Inc. processes cane sugar into three products. During

SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000 Production and sales value information for the month were as follows: Sales Value at Units Splitoff Separable Product Produced Sales Value Costs Sugar 12,000 $80,000 $24,000 Sugar syrup 8,000 $70,000 $64,000 Fructose syrup 4,000 $50,000 $32.000 Determine the amount of joint cost allocated to each product if the net realizable value method is used. Joint cost allocated Round to the nearest thousand Product Sugar Sugar syrup $ Fructose syrup Total S

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!

help urgent!! SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000. Production and sales value information for the month were as follows:...

please help urgent!!! SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000. Production and sales value information for the month were as...

SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000. Production and sales value information for the month were as follows: Sales Value at...

To be solved by DKetan. Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method? Which method would you recommend? Why? Support your...

52) Sugar Cane Company processes sugar cane into three products. During May, the joint costs of processing were $240,000. Production and sales value information for the month were as follows:...

Sales Value SplitOff Method/ Physical Measure Method 2. Hills Chemical, Inc., processes pine rosin into three products: turpentine, paint thinner, and spot remover. During May, the joint costs of...

The Morton Company processes unprocessed goat milk up to the splitoff point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of...

Problem 1 - Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20X2, the joint costs of processing the tomatoes were $420,000. There was...

Physical Units Method, Relative Sales-Value-at-Split-off Method, Net Realizable Value Method, Decision Making Sonimad Sawmill, Inc. (SSI), purchases logs from independent timber contractors and...

1. ________ is a measure of the balanced scorecard's learning-and-growth perspective. A. Information system availability B. Economic value added C. Cost reductions in key areas D. Customer-retention...

Find the area of the region inside one leaf of the eight-leaved rose r = 3.cos(40). r-3cos (40)

Radon gas, 222/86Rn, is formed by a decay. (a) Write the decay equation. (b) Ignoring the kinetic energy of the daughter nucleus (its so massive), estimate the kinetic energy of the particle...

With reference to planning and control activities, match column A to column B . Column AColumn BLoadingDetailed timetable of when work must start and finish SequencingThe amount of work allocated per...

7. The celebration of Buddhas birthday is not held on Christmas, but instead on: a. Fourth of July b. July 14 c. Asian Lunar New Years Day d. Hanamatsuri

2. What is the name of the dish that features black-eyed peas and rice (although sometimes collards, ham hocks, stewed tomatoes, or other items) and is served in the South, especially on New Years...

10. Describe the relationship between communication and power.