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For the month of July, the manufacturing Company X had zero units in beginning inventory of any kind, and started 1,200 units of which... 700
For the month of July, the manufacturing Company "X" had zero units in beginning inventory of any kind, and started 1,200 units of which... 700 good units were completed and shipped out; 107 units were in WIP at the end of the month. $100,000 was spent on materials during the month (all incurred at the beginning of the manufacturing process). "Normal spoilage" is budgeted at 30% of the completed & shipped out good units. Inspections occur at the end of the manufacturing process. For the month of July "abnormal spoilage" was 183 units 210 units 190 units 400 units Product "S" is eventually sold for $80,000. It's "separable costs" after the splitoff point are $45,000. Product "T" is eventually sold for $130,000. It's "separable costs" after the splitoff point are $95,000. Using the NRV method how much of the $45,000 joint costs should be allocated to "S" & "T" Product S: $10,000 Product T: $35,000 O none of the listed answers are correct Product S: $22,500 Product T: $22,500 Product S: $35,000 Product T: $10,000
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