Jack Company manufactures products MN from a process that also produces by product J and by- product K.
Using Method A- identify the total value of the By-products to be recorded on the income statement of Jack Company.

 

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Units produced Sales price/ unit Units sold EI Subsequent Cost Selling and Admin Joint Cost MN 10,000 20.00 8,000 2,000 J 6,000 3.00 K 4,000 2.75 6,000 4,000 Total 20,000 18,000 62,300.00 5,700.00 4,300.00 72,300.00 32,000.00 2,500.00 1,000.00 35,500.00 50,000.00 Units produced Sales price/ unit Units sold EI Subsequent Cost Selling and Admin Joint Cost MN 10,000 20.00 8,000 2,000 J 6,000 3.00 K 4,000 2.75 6,000 4,000 Total 20,000 18,000 62,300.00 5,700.00 4,300.00 72,300.00 32,000.00 2,500.00 1,000.00 35,500.00 50,000.00

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