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Torid Company processes 17,950 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $9 per gallon
Torid Company processes 17,950 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $9 per gallon and Product Y, the main product, sells for $170 per gallon. The following information is for December. Ending Inventory 125 50 10 Beginning ProductX: Production 5,525 Sales 5,400 Inventory Product Y: 10,275 10.315 208 The manufacturing costs totaled $34,000 The production method will report Product X in the balance sheet at OA. $0 OB. $1,125 OC. $1,700 OD. $21,250
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