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can you please part (b) At Anthony's company, two types of candles are created from the common melting and molding process: pillar candles and votive
can you please part (b) At Anthony's company, two types of candles are created from the common melting and molding process: pillar candles and votive candles (eight votives per pack; one pack is one unit). The costs of the joint process total \$59.100. The votive candles are sold directly after production, but the pillar candles are further etched and designed to increase their value. The quantities, costs, and values of these products as produced and sold are as follows. (a) Your answer is correct, Using the physical quantities method, allocate the joint costs to the joint products and prepare (1) a partial income statement through gross margin and (2) the irventory section of the balance sheet. (Note: Use fractions instead of decimals when specifying proportions under this method) (Round proportion and per unit calculations to 2 decimal ploces, eg 0.25 and final answers to 0 decimal places, es. 5. 125. Do not leave amy answer field blank. Enter ofor amounts) (1) A partial income statement through gross margin (b) Your answer is partially correct. Allocate the joint costs under the sales value at split-off method and prepare (1) a partial income statement through gross margin and (2) the inventory section of the balance sheet. (Round proportion and per unit calculations to 4 decimal places, e.g.0.2513 and final onswers to O decimal places, es. 5,125.) (1) A partial income statement through gross margin Anthony Company Partial Income Statement (2) The inventory section of the balance sheet Anthony Company Balance Sheet Assets FO inventory Your answer is correct: Using the physical quantities method, allocate the joint costs to the joint products and prepare ( 2 ) a partial income statement through gross margin and (2) the irventory section of the balance sheet. (Note: Use fractions instead of decimals when specifying proportions under this method) (Round proportion and per unit calculations to 2 decimal places, e.3.0.25 and final answers to 0 decimal ploces, es. 5, 125. Do not leave any onswer field blank. Enter O for amounts.) (1) A partial income statement through gross margin (2) The inventory section of the balance sheet Anthony Company Balance Sheet Assets FG impitory = - Your answer is partially correct. Allocate the joint costs under the sales value at split-off method and prepare (1) a partial income statement through gross margin and (2) the inventory section of the balance sheet. (Round proportion and per unit calculations to 4 decimal places, e.g. 0.2513 and final answers to 0 decimal places, eg 5.125.) (1) A partial income statement through gross margin Anthony Company Partial Income Statement (2) The inventory section of the balance sheet Mathony Company Balance Sheet Assets
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