Question
The Moody Company produced three joint products at a joint cost of $110,000. Two of these products were processed further. Production and sales were: Weight
The Moody Company produced three joint products at a joint cost of $110,000. Two of these products were processed further. Production and sales were:
| Weight | Sales | Addt'l. Processing Costs | |
| P | 310,000 lbs. | $ 255,000 | $ 210,000 |
| Q | 105,000 lbs. | 32,500 | 0 |
| R | 105,000 lbs. | 190,000 | 110,000 |
| 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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Essential Knowledge For A First Year Audit Staff Intern In Big 4 Accounting
Authors: Kevin Hsu
1st Edition
1481097040, 978-1481097048
