FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Products X. Y and Z are produced from the same process atcost of S4880. Five thousand pound, ge raw material yields 3.400 X 4,400 Y.

image text in transcribed
Products X. Y and Z are produced from the same process atcost of S4880. Five thousand pound, ge raw material yields 3.400 X 4,400 Y. and 2.900 Z Seing prices are X S2 per unit Y $4 per unit, Z valueless. The ending inventory of X is 88 units. What is the value of the ending inventory if joint costs are alloceted using net realizable value? O $16.87 O $26.40 O $35.20 O$37 20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 6 - Valuation Of Assets And Liabilities

Sound Investing, Chapter 6 - Valuation Of Assets And Liabilities

Authors: Kate Mooney

1st Edition

0071719288, 9780071719285

More Books

Students also viewed these Accounting questions

Question

★★★★★
The following data (in thousands) were taken from recent financial statements of Starbucks Corporation: a. Compute the working capital and the current ratio for Year 2 and Year 1. Round to two...

Answered: 1 week ago

Question

★★★★★
A rectangle with height 16 is inscribed in a circle whose area is 100. What is the of the rectangle?

Answered: 1 week ago

Question

★★★★★
3. Suppose that the aggregate demand and supply schedules for a hypothetical economy are as shown below: LO3

Answered: 1 week ago

Question

★★★★★
A charter company owns boats that are used for charter trips to islands. The company has created a computer system to track the boats it owns, including each boat's ID number, name, and seating...

Answered: 1 week ago

Question

★★★★★
Nickleson Company had an unadjusted cash balance of $ 7 , 7 5 0 as of May 3 1 . The company s bank statement, also dated May 3 1 , included a $ 7 2 NSF check written by one of Nickleson s customers....

Answered: 1 week ago

Question

★★★★★
The DEF Partnership has the following capital balances: Davis of $50,000, Ellen of $42,000, and Farmer of $18,000. They share income and loss 3:3:2. They decide to admit Garner as a new partner. a....

Answered: 1 week ago

Question

★★★★★
Deena Precision Tools (DPT) makes cutting tools for metalworking operations. It makes two types of tools: RC6, a regular cutting tool, and HP4, a high precision cutting tool. RC6 is manufactured on a...

Answered: 1 week ago

Question

★★★★★
1)The estate of Aisha Gopaul will be receiving a $25,000 death benefit from a Saskatchewan based organisation. Calculate the tax to be withheld from this amount 2)Sean works in Ontario and is...

Answered: 1 week ago

Question

★★★★★
The adjusted trial balance of ZZZ Corp.on December 31, 2014 includes the following account balances: Dividends Payable P 40,000 Ordinary share Capital (P5 par, 5,000 shares authorized) 750,000...

Answered: 1 week ago

Question

★★★★★
Record journal entries for each of the following transactions. 1. On Aug. 1, Martin Johnson invests $425,000 to open his new appliance repair business. 2.On Aug. 3, the company pays $150,000 for land...

Answered: 1 week ago

Question

★★★★★
Dearborn and Dyehardt (D&D) has just put Forzosein on the market, a new compound that may be able to save the lives of people who suffer from cancer. D&D charges hundreds of times what it cost the...

Answered: 1 week ago

Previous Question Next Question