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Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into production in Department X, and at the end of
Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into production in Department X, and at the end of processing in this department, three products appear. Product A is sold at the split-off point with no further processing. Products B and C require further processing before they are sold. Product B is processed in Department Y, and product C is processed in Department Z. The company uses the estimated net realizable value method of allocating joint production costs. Following is a summary of costs and other data for the quarter ended June 30 9 No inventories were on hand at the beginning of the quarter. No raw material was on hand at June 30. All units on hand at the end of the quarter were fully complete as to processing. Pounds sold Pounds on hand at June 30 Sales revenues 20,000 58,000 66,000 48,000 49,000 $278,400 $346,500 0 36,000 $161,000 S Raw material cost Direct labor cost Manufacturing overhead 72,500 94,000 282,500 28,000 31,600 107,500
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