Question
Products X, Y, and Z are produced from the same process at a cost of $14,280. Five thousand pounds of raw material yields 3,300 X,
Products X, Y, and Z are produced from the same process at a cost of $14,280. Five thousand pounds of raw material yields 3,300 X, 4,300 Y, and 2,800 Z. Selling prices are: X $2 per unit, Y $4 per unit, Z valueless. The ending inventory of X is 86 units. What is the value of the ending inventory if joint costs are allocated using net realizable value?
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College Accounting Chapters 1-30
Authors: David Haddock, John Price, Michael Farina
16th Edition
1260247902, 978-1260247909
