Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

19 Question (2 Points) The Green Company processes unprocessed goat milk up to the splitoff point where two products condensed goat milk and skim goat

image text in transcribed
19 Question (2 Points) The Green Company processes unprocessed goat milk up to the splitoff point where two products condensed goat milk and skim goat milik result. The following information was collected for the month of October Direct Materials processed: 98,000 gallons (after shrinkage) Production Condensed goat milk 42.500 gallons Skim goat milk 35.500 gallons Sales: Condensed goat milk 53.50 per gallon Skim goat milk $2.50 per gallo The costs of purchasing the of anprocessed goat milk and processing it up to the splstoff point to yield a total of 98.000 gallons of salcable product was $184,480. There were no inventory balances of the product Condensed goat milk may be processed further so yield 42,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of S4 persable gallon Xyla can be sold for $20 per gallon. Skim goat milk can be processed further to yield 54,200 gallons of skim goat ice cream, for an additional processing cost per usable gallon of S4. The product can be sold for Sper gallon There are no beginning and ending inventory balances. Q. What is the estimated net reallrable value of lee cream at the spinoff point 216800 672,000 271000 0 20 Question rt m

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Ethics Education Making Ethics Real

Authors: Alberto J. Costa, Margarida M. Pinheiro

1st Edition

1032019999, 9781032019994

More Books

Students explore these related Accounting questions

Question

Discuss the different types of leadership

Answered: 3 weeks ago

Question

Write a note on Organisation manuals

Answered: 3 weeks ago

Question

Define Scientific Management

Answered: 3 weeks ago

Question

Explain budgetary Control

Answered: 3 weeks ago