Question
Products X, Y, and Z are produced from the same process at a cost of $13,920. Five thousand pounds of raw material yields 3,200 X,
Products X, Y, and Z are produced from the same process at a cost of $13,920. Five thousand pounds of raw material yields 3,200 X, 4,200 Y, and 2,700 Z. Selling prices are: X $2 per unit, Y $4 per unit, and Z valueless. The ending inventory of X is 84 units. What is the value of the ending inventory if joint costs are allocated using net realizable value?
Multiple Choice
- $102.80.
- $92.00.
- $100.80.
- $82.47.
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MIS Management Information Systems
Authors: Hossein Bidgoli
8th edition
978-1337406932, 1337406937, 978-1337406925, 1337406929, 978-0357004357
