Ashwood Company manufactures products F, G, and W from a joint process. Joint costs are allocated on
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Ashwood Company manufactures products F, G, and W from a joint process. Joint costs are allocated on the basis of relative sales value at split-off. Additional information for the June 19X1 production activity is as follows: ml7
Assuming that the 10,000 units of W were processed further and sold for $78,000, what was Ashwood’s gross profit on this sale? a $21,000 b $28,500 c $30,000 d $66,000
Transcribed Image Text:
PRODUCTS F G W Total Units produced 50,000 Joint costs ? 40,000 ? 10,000 100,000 ? $450,000 Sales value at split-off $420,000 $270,000 $60,000 750,000 Additional costs if processed further 88,000 30,000 12,000 130,000 Sales value if processed further 538,000 320,000 78,000 936,000
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