1.Company processes apples into jam, juice and canned tomatos. During the summer of 2018, the joint costs of processing the tomatoes were 10,000. There was
1.Company processes apples into jam, juice and canned tomatos. During the summer of 2018, the joint costs of processing the tomatoes were 10,000. There was no beginning or ending inventories for the summer. Production and sales value information is as follows:
Product.CasesSales Price at splitoff point.Separable costs.Final selling price
Jam100$6 per case$3.00 per case.$28 per case
Juice.1508525
Canned200.5210
ProductFinal sales value.Separable ccostsNet realizable value.Percentage
Jam?
Juice
Canned tomato
Totals
Determine Final Sales Value to each product??
a. Jam 2500; Juice 3,900 ; 1500
b. Jam 2,800 ; Juice 3,750; Canned tomato 2,000
c. None of them
d. Jam 600; Juice 1,200; Canned tomato 1,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started