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TB MC Qu. 11-91 (Algo) Cambridge Company manufactures three main... Cambridge Company manufactures three main products, L, M, and N, from a joint process.
TB MC Qu. 11-91 (Algo) Cambridge Company manufactures three main... Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows: Units produced N Total Joint costs 72,100 ? Sales value at split-off $433,000 Additional costs if process further $101,000 Sale value if processed further $551,000 53,000 13,900 ? $283,000 $ 43,000 $333,000 139,000 ? $463,000 $73,000 $789,000 $25,000 $169,000 $91,000 $975,000 Assuming that the 13,900 units of N were processed further and sold for $91,000, what was Cambridge's gross profit from this sale? Assume the physical quantities method of allocation is used. Multiple Choice $43,000. $40,770. $19,700.
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