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Product Unit Produced 12,000 18,000 AB DNA Ltd. produces two main products, A and B; and, a byproduct, C. There were no beginning inventories.
Product Unit Produced 12,000 18,000 AB DNA Ltd. produces two main products, A and B; and, a byproduct, C. There were no beginning inventories. During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows: C Units Sold Unit Sales Price 9,600 $22 15,300 6,000 5,200 Paint Thinner Spot remove please help Assuming DNA recognizes byproduct revenue at the time of sale, what is the total value of ending inventory? 2. 3 Chemical X, Inc. processes pine rosin into three products; turpentine, paint thinner, and spot remover. During June the joint costs of processing were $280,000. Production and sales value information for the month were as follows: ProductUnits Produced Turpentine 3,000 litres 3,000 litres 1,500 litres 38 12,500 SalesValue at Split off Point $30,000 25,000 Determine the amount of joint cost allocated to each product if the physical measure method is used.
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