Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Green Company processes unprocessed goat mk up to the split-off point where two products, condensed goat mik and skim was collected for the month

image text in transcribed
The Green Company processes unprocessed goat mk up to the split-off point where two products, condensed goat mik and skim was collected for the month of October Direct Materials processed 100,500 gallons (after shrinkage) Production Condensed goat milk 42,500 gallons 58,000 gallons Condensed goat mik $4.00 per gallon Skim goat milk $3.50 per gallon the of unprocessed goat milk and processing it up to the split-off point to yield a total of 100,500 gallons of saleable product was $191,480 There were of either product. Condensed goat milk may be processed further to yield 42,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, The costs of for an additional processing cost of $6 per usable gallon Xyla can be sold for $21 per gallon. Skim goat milk can be processed further to yield 56,700 gallons of skim goat ice cream, for an additional processing cost per usable gallon of $6. The product can be sold for $14 per gallon. There are no beginning and ending inventory balances A $637,500 B S630.000 C $464,000 D. $453,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Financial Statements A Manager S Guide

Authors: David S. Murphy Ph.D. ,Ernest W. Murphy

1st Edition

1530688787, 978-1530688784

More Books

Students also viewed these Accounting questions

Question

Describe the types of power that effective leaders employ

Answered: 1 week ago

Question

Describe how leadership styles should be adapted to the situation

Answered: 1 week ago