Question
Products X, Y, and Z are produced from the same process at a cost of $6,400. Five thousand pounds of raw material yields 2,100 X,
Products X, Y, and Z are produced from the same process at a cost of $6,400. Five thousand pounds of raw material yields 2,100 X, 3,100 Y, and 1,600 Z. Selling prices are: X $4.4 per unit, Y $6.4 per unit, Z valueless. The ending inventory of X is 62 units. What is the value of the ending inventory if joint costs are allocated using net realizable value?
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Control And Audit Of Minicomputer Systems
Authors: British Computer Society
1st Edition
0471261866, 978-0471261865
