Question: Problem 1 1 - 7 0 ( Algo ) Net Realizable Value of Jolnt Froducts ( LO 1 1 3 ) Douglass Winerals mines ore

Problem 11-70(Algo) Net Realizable Value of Jolnt Froducts (LO 113)
Douglass Winerals mines ore and then processes it into other products. At the end of the mining process, the ore splits off linto three products: Metal-A. Metal-B, and Metal-C. Douglass sells Metal-C at the spilt-off point, with no further processing. Metal-A Is processec in Plant A , and Metal-B is processed in Plant B . The following is a summary of costs and other related data for the period ended December 31
Douglass Minerals had no beginning inventorles on hand at the beginning of the pertod. Douglass Minerals uses the net realizable value method to allocate joint costs.
Required:
Compute the following:
a. The net realizable value of Metal-C for the perlod ended December 31.
b. The Joint costs for the perlod ended December 31 to be allocated.
c. The cost of Metal-B sold for the perlod ended December 31. Note: Do not round intermediate calculations. Pound your final answer to the nearest whole dollar.
d. The value of the ending inventory for Metal-C.
Note: Do not round intermediate calculations. Pound your final answer to the nearest whole dollar.
\table[[a. Net realizable value of Metal-C],[b. Joint costs],[c. Cost of Metal-B sold],[d. Ending inventory for Metal-C]]
Problem 1 1 - 7 0 ( Algo ) Net Realizable Value

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