Question
Miller Manufacturing Company buys zeon for $.80 a liter. At the end of processing in Department 1, zeon splits off into products A, B, and
Miller Manufacturing Company buys zeon for $.80 a liter.
At the end of processing in Department 1, zeon splits off into products A, B, and C.
Product A is sold at the split-off point, with no further processing.
Products B and C require further processing before they can be sold; product B is processed in Department 2 and product C is processed in Department 3.
Following is a summary of costs and other related data for the year ended March 31, 2020:
There was no beginning or ending inventory of zeon.
Miller uses the Net-Realizable-Value method of allocating joint costs.
NOTE: A, B, C are Joint Products.
I need every answer you can get that why i did not put question
Department 2 3 Cost of zeon $ 96,000 Direct labor 14,000 Manufacturing overhead 10,000 Total $120.000 $ 0 45,000 21,000 $66,000 $ 0 65,000 49.000 $114.000 Department 2 3 Cost of zeon $ 96,000 Direct labor 14,000 Manufacturing overhead 10,000 Total $120.000 $ 0 45,000 21,000 $66,000 $ 0 65,000 49.000 $114.000
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