Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Die Corporation purchases veestrom Cheneylumber and processes them up to the split-o point where to products (paper and pencil casings) are obtained. The products were

image text in transcribed
image text in transcribed
Die Corporation purchases veestrom Cheneylumber and processes them up to the split-o point where to products (paper and pencil casings) are obtained. The products were sold to an independent company that markets and darbus them to rotalouties. The following information was collected for the month of October Trees processed 310 trees 150.000 sheets pencil casing 150.000 Sales 140,000 145,000 1.10 per page $0.15 per casing pencil casings The cost of purchasing 310 trees and processing them up to the sit-off point to yield 150,000 sheets of paper and 150.000 pencil casings is $15.000 Bisme's accounting deament reported no beginning inventory OA $14,000 OB 22.00 OC. $21.00 OD $15.000 distributes them to retail outlets. The following information was collected for the month of October Trees processed: 310 trees Production: paper 150,000 sheets pencil casings 150,000 Sales: 140,000 at $0.10 per page pencil casings 146,000 at $0.15 per casing paper The cost of purchasing 310 trees and processing them up to the split -off point to yield 150,000 sheets of paper and 150,000 pencil casings is $1 Bismite's accounting department reported no beginning inventory. What is the total sales value at the split - off point for paper? O A. $14,000 OB. $22,500 OC. $21,900 OD. $15,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Process Principles Practice And Cases

Authors: Stuart Manson, Iain Gray, Iain G. Sheffield, I.H. Gray, I. Etal Gray

2nd Edition

1861520107, 9781861520104

More Books

Students also viewed these Accounting questions

Question

T F Sole proprietorships generate the highest sales revenue.

Answered: 1 week ago