Question
Jayton Company produces joint products,FrankB and KennyL,each of which incurs separable production costs after the splitoff point. Information concerning a batch produced at a $250,000
Jayton Company produces joint products,FrankB and KennyL,each of which incurs separable production costs after the splitoff point. Information concerning a batch produced at a $250,000 joint cost before splitoff follows:
| Product | Separable Costs | Sales Value |
|---|---|---|
| FrankB | $6,000 | $54,000 |
| KennyL | 16,000 | 48,000 |
| Total | $22,000 | $102,000 |
What is the joint cost assigned to FrankB if costs are assigned using relative net realizable value?
A. $80,000
B.$100,000
C.$250,000
D.150,000
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
