Question: 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

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

UnitsSplitoffSeparableProductProducedSales ValueCostsSugar12,000$80,000$24,000Sugar syrup8,000$70,000$64,000Fructose syrup4,000$50,000$32,000

Determine the amount of joint cost allocated to each product if the physical measure method is used.

ProductJoint cost allocatedSugar- ?

Sugar syrup- ?

Fructose syrup- ?

Total ?

Determine the amount of joint cost allocated to each product if the net realizable value method is used.Round to the nearest thousand.

ProductJoint cost allocatedSugar$ ?

Sugar syrup$- ?

Fructose syrup$- ?

Total$- ?

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...

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:...

Question 2. The Drone Corporation has a central materials laboratory. The laboratory has only two users, the Large Dronee Department and the Small Drone Department. The following data apply to the...

Qayqayt PaperProducts Inc. processes wood pulp into two products. During January the joint costs of processing were $144,000. Production and sales value information for the month were as follows:...

4) Qayqayt Paper Products Inc. processes wood pulp into two products. During January the joint costs of processing were $144,000. Production and sales value information for the month were as follows:...

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:...

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...

n6 Search d ut of =Q 1 Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $120.000. Production and sales value information for the month...

Write a research page in which you talk about: Lessons learnt from Korean trip in international business.

1. What do you like and not like about the Simple Bills concept? 2. Would you recommend raising funds from outside investors and growing faster or continuing to boot strap the operations to conserve...

Which one of the following Value - at - Risk measures would be most appropriate for a portfolio designed for a very risk - adverse investor? Question 1 3 options: A ) Prob ( Rp . 2 0 ) = 1 0 0 % B )...

As the value of correlation coefficient increases from 0 to 1, or decreases from 0 to-1, how do the points of the scatter plot fit the regression line

18. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

10. What activities in your life best express the value you want others to associate with you?

7. Also complete the following sentence: This core value is important to me when I ________________________. This is the situation this core value is important to you we are looking for here.