20 The Berkel Corporation manufactures Widgets, Gizmos, and Turnbols from a joint process, June production is 5,000 widgets; 8,750 gizmos; and 10,000 turnbols. Sales for the month of June is 3,500 widgets; 8,000 gizmos; and 9,300 turnbols. Respective per unit selling prices at split-off are $75, $50, and $25. Joint costs up to the split-off point are $187,500. If joint costs are allocated based upon the sales value at split-off, the closest amount of joint costs allocated to the widgets is $77,206 b. $46,324 c $44,118 $66,176 QUESTION 21 The Alfarm Cornoration nrocesses raw milk un to the split-off point where two products, cream and liquid skim, are produced and sold. There was no Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 21 The Alfarm Corporation processes raw milk up to the split-off point where two products, cream and liquid skim, are produced and sold. There was no beginning inventory. The following material was collected for the month of February: Direct materials processed: Production: 750,000 gallons (727,500 gallons of good product) Sales: Cream Liquid skim Cream 442,500 gallons 285,000 gallons 421,500 at $110 per gallon Liquid skim 273,000 at $100 per gallon The cost of purchasing 750,000 gallons of direct materials and processing it up to the splitoff point to yield a total of 727,500 gallons of good product was $2,280,000. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated to liquid skim? $1,140,000 Ob- $1,368,000 C-$893,196 d. $1,386,800 QUESTION 22 Cola Drink Company processes direct materials up to the split-off point where two products, A and B, are obtained. The following information was coll for the month of July: Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 22 Cola Drink Company processes direct materials up to the split-off point where two products, A and B, are obtained. The following information was collected for the month of July: Direct materials processed: 2,500 liters (with 20% shrinkage) Production: A 1,500 liters B 500 liters Sales: A B $15.00 per liter $10.00 per liter The cost of purchasing 2,500 liters of direct materials and processing it up to the split-off point to yield a total of 2,000 liters of good products was $4,500. There were no inventory balances of A and B. Product A may be processed further to yield 1,375 liters of Product Z5 for an additional processing cost of $150. Product Z5 is sold for $25.00 per liter. What is Product Z5's estimated net realizable value at the split-off point? $34,375 b. $22,500 $34,225 Od $22,350 QUESTION 23 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Click Save and Submit to save and submit. Click Save All Answers to save all answers