Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Premium Pine Apple Company processes pineapples into Pineapple Syrup, Pineapple Juice and Canned Pineapple. During 2019, the joint cost were $ 2,000,000, Using Estimated Net
Premium Pine Apple Company processes pineapples into Pineapple Syrup, Pineapple Juice and Canned Pineapple. During 2019, the joint cost were $ 2,000,000, Using Estimated Net Realizable Value (NRV) Method, allocate joint cost among joint products from the following information.
Syrup: 15,000 Cases having sales price $ 120
Juice: 15750 Cases having sales price $ 198
Canned: 17,250 Cases having sales price $ 210.
Additional processing (separable) costs are as follows
Syrup: $ 175,000 Juice: $ 232,500 Canned: $ 257,500
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