Making journal entriesby-product LO 5 Lindner Manufacturing Co. makes one main product, X, and a by-product, Z,

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Making journal entries—by-product LO₅ Lindner Manufacturing Co. makes one main product, X, and a by-product, Z, which splits off from the main product when the work is three-fourths completed.

Product Z is sold without further processing and without being placed in stock. During June, $ 1 ,200 is realized from the sale of the by-product.

Make the entries to record the recovery and sale of the by-product on the assumption that the recovery is treated as one of the following:

a. A reduction in the cost of the main product

b. Other income

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Principles Of Cost Accounting

ISBN: 9780324100945

12th Edition

Authors: Edward J. Vanderbeck

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Question Posted: Jun 14, 2024 01:43 AM

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Making journal entriesby-product LO 5 Lindner Manufacturing Co. makes one main product, X, and a by-product, Z,

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Principles Of Cost Accounting

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