Question
The Moody Company produced three joint products at a joint cost of $104,000. Two of these products were processed further. Production and sales were: Weigth
The Moody Company produced three joint products at a joint cost of $104,000. Two of these products were processed further. Production and sales were:
| Weigth | Sales | Addt'l Processing cost | |
| P | 304,000 lbs | $294,000 | $204,00 |
| Q | 102,000 lbs | 31,000 | 0 |
| R | 102,000 lbs | 181,000 | 104,000 |
If joint costs are allocated based on relative weight of the outputs and all products are main products, how much of the joint costs would be allocated to product P?
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Hong Kong Auditing Economic Theory And Practice
Authors: Ferdinand A Gul
2nd Edition
9629371413, 978-9629371418
