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ANSWER ASAP FOR AN UPVOTE TY The Southwest Bond Company manufactures 3 final products A, B and C, one by product, D and intermediate product
ANSWER ASAP FOR AN UPVOTE TY
The Southwest Bond Company manufactures 3 final products A, B and C, one by product, D and intermediate product R. During a recent month, the joint cost of producing 2.000 units of C, 2,500 units of Rand 500 units of by product D was processed for $15,000. Product Rwas processed further into 1,500 units of A and 1,000 units of B at a cost of $12,000. Additional costs to complete A and B were $5,000 and $10,000, respectively. The unit selling prices of A, B, C and D are $17. $15. $20 and $5 respectively. The by product D was processed further for $1,000 and is considered as Other Income. D 500 units - Selling price = $5.00 $1,000 2.000 units Selling price $ 20.00 Selling price: $ 17.00 $5,000 1,500 units $15.000 2.500 units $12,000 $10,000 1.000 units Selling price - $ 15.00 Required: Determine the Unit Cost of each final product and the Net Income when joint costs are allocated on the basis of relative net realizable value. Use 2 decimal places when entering your final answers. Product Total Cost Unit Cost Net Income IA B IC 31 am $15,000 $15,000 $5,000 1,500 units 2,500 units $12.000 $10,000 - Selling price - $ 15.00 1,000 units Required: Determine the Unit Cost of each final product and the Net Income when joint costs are allocated on the basis of relative net realizable value. Use 2 decimal places when entering your final answers. Product Total Cost Unit Cost Net Income B Ic Total Net Income Previous Podat 9-32 Suthenit uStep by Step Solution
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