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The following information pertains to a by-product called Moy: Sales in 2015 5,000 units Selling price per unit P 6 Selling costs per unit 2
The following information pertains to a by-product called Moy:
Sales in 2015 5,000 units
Selling price per unit P 6
Selling costs per unit 2
Processing cost 0
Inventory of Moy was recorded at net realizable value when produced in 2014. No units of Moy were produced in 2015. What amount should be recognized as profit on May 2015 sales?
P 30,000
P 0
P 10,000
P 20,000
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