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PLEASE ANSWER ASAP Question 12 15 pts The Southwest Bond Company manufactures 3 final products A, B and C, one by product. D and intermediate
PLEASE ANSWER ASAP
Question 12 15 pts The Southwest Bond Company manufactures 3 final products A, B and C, one by product. D and intermediate product R. During a recent month, the Joint cost of producing 2,000 units of C, 2,500 units of Rand 500 units of by product was processed for $15.000. Product Rwas processed further into 1.500 units of A and 1,000 units of B at a cost of $12,000. Additional costs to complete A and B were $5,000 and $10,000, respectively. The unit selling prices of A, B, C and D are $17. $15, $20 and $5 respectively. The by product D was processed further for $1.000 and is considered as Other Income. 500 units --- Selling price 55.00 $1.000 16 2.000 units Selling price $ 20.00 D $5.000 1.500 units $15.000 Selling price $17.00 R 2.500 units 512.000 1.000 units Selling price 515.00 $10,000 Required: Determine the Unit Cost of each final product and the Net Income when joint costs are allocated on the basis of relative net realizable value. Use 2 decimal places when entering your final answers. Product Total Cost Unit Cost Net Income A B Total Net Income Step by Step Solution
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