Question
Foster Company incurred $200,000 to manufacture the following products in a joint process: Product Units Produced Weight per unit Selling Price per unit I 500
Foster Company incurred $200,000 to manufacture the following products in a joint process:
| Product | Units Produced | Weight per unit | Selling Price per unit |
| I | 500 | 8 lbs | $5.00 |
| J | 1,000 | 6 lbs | $10.00 |
| K | 1,500 | 4 lbs | $10.00 |
| L | 2,000 | 2 lbs | $5.00 |
How much joint cost would be allocated to Product K based on the relative sales value method?
| A. | $13,334 |
| B. | $80,000 |
| C. | $26,666 |
| D. | $75,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Continuous Auditing A Complete Guide
Authors: Gerardus Blokdyk
2019th Edition
0655540318, 978-0655540311
