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Torid Company processes 18,650 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $6 per gallon
Torid Company processes 18,650 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $6 per gallon and Product Y, the main product, sells for $200 per gallon. The following information is for December: Production Sales Beginning Inventory Ending Inventory Product X Product Y 6,025 10,475 5,900 10,560 0 125 125 40 The manufacturing costs totaled $25,000. How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger at the point of sale? A. $750 OB. $25,000 c. $8,000 D. $0
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