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Please answer all parts of the question 3. Webster Company produces 35,000 units of product A, 30,000 units of product B, and 13,000 units of
Please answer all parts of the question
3.
Webster Company produces 35,000 units of product A, 30,000 units of product B, and 13,000 units of product C from the same manufacturing process at a cost of $370,000. A and B are joint products, and C is regarded as a byproduct. The unit selling prices of the products are $20 for A, $10 for B, and $1 for C. None of the products requires separable processing. Of the units produced, Webster Company sells 28,000 units of A, 29,000 units of B, and 13,000 units of C. The rm uses the net realizable value method to allocatejoint costs and by-product costs. Assume no beginning inventory. Required: 1. What is the value of the ending inventory of product A? 2. What is the value of the ending inventory of product 3? Complete this question by entering wur answers in the tabs below. Required 1 Required 2 What is the value of the ending inventor}:r of product A? (Do not round intermediate calculations.) Required 2 ) Choi Company manufactures two skin care lotions, Smooth Skin and Silken Skin, from ajoint process. Thejoint costs incurred are $400,000 for a standard production run that generates 110,000 pints of Smooth Skin and 140,000 pints of Silken Skin. Smooth Skin sells for $2.80 per pint, while Silken Skin sells for $4.00 per pint. Required: 1. Assuming that both products are sold at the splitoff point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method? 2. If no separable costs are incurred after the splitoff point, how much ofthejoint cost of each production run is allocated to Silken Skin using the physical measure method? 3. If separable processing costs beyond the splitoff point are $1.50 per pint for Smooth Skin and $1.00 per pint for Silken Skin, how much ofthejoint cost of each production run is allocated to Silken Skin using a net realizable value method? 4. If separable processing costs beyond the splitoff point are $1.50 per pint for Smooth Skin and $1.00 per pint for Silken Skin, how much ofthejoint cost of each production run is allocated to Smooth Skin using a physical measure method? [For all requirements, do not round intermediate calculations. Round nal answers to nearest Iwhole dollar amounts} Relative sales value method - Smooth Skin Physical measure method - Silken Skin Net realizable value method - Silken Skin F'f\"Nr' Physical measure method - Smooth SkinStep by Step Solution
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