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The following information is available about Irbid Company Joint inputs Joint costs 30,000 90,000 Product X Product Y 0 0 Beginning inventory Production 10000 20,000
The following information is available about Irbid Company Joint inputs Joint costs 30,000 90,000 Product X Product Y 0 0 Beginning inventory Production 10000 20,000 7500 18000 Sales Ending inventory Unit selling price 2500 2000 4 2 if the company want to further processing, it will acquire the followind data Unit selling Yield Costs Sales price ProductX to A 10000 50000 12 5000 Product Y to B 10000 20800 3 3000 Compute the net realizable value at SOP if the company allocated the joint cost using net realizable value method
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