Beginning Inventory is 0 for both Production X and production Y. Production X is 4375 and Production Y is 10,000. Production X Sales 4000 and
Beginning Inventory is 0 for both Production X and production Y. Production X is 4375 and Production Y is 10,000. Production X Sales 4000 and production Y sales is 9625. Ending Inventory for Product X is 375 and for Product Y is 375.
Answer the following questions using the information below:
Athens Company processes 15,000 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $8 per gallon and Product Y, the main product, sells for $100 per gallon. The following information is for August:
The manufacturing costs totaled $30,000.
What is the byproduct's net revenue reduction if the byproduct is not recognized in the general ledger during production and their revenues are a reduction of cost?
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Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
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