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11 Douglass Minerals mines ore and then processes it into other products. At the end of the mining process, the ore spilts off into three
11
Douglass Minerals mines ore and then processes it into other products. At the end of the mining process, the ore spilts off into three products: Metal-A, Metal-B, and Metal-C. Douglass sells Metal-C at the split-off point, with no further processing. Metal-A is processed in Plant A, and Metal-B is processed in Plant B. The following is a summary of costs and other related data for the perlod ended December 31 : Douglass Minerals had no beginning inventorles on hand at the beginning of the perlod. 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. Round your final answer to the nearest whole dollar. d. The value of the ending inventory for Metal-C. Note: Do not round Intermediate calculations. Round your flinal answer to the nearest whole dollarStep by Step Solution
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