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Webster Company produces 40,000 units of product A, 30,000 units of product B, and 11,500 units of product C from the same manufacturing process at
Webster Company produces 40,000 units of product A, 30,000 units of product B, and 11,500 units of product C from the same manufacturing process at a cost of $355,000. A and B are joint products, and C is regarded as a by-product. The unit selling pri the products are $40 for A, $30 for B, and $2 for C. None of the products requires separable processing. Of the units produced Webster Company sells 33,000 units of A, 29,000 units of B, and 11,500 units of C. The firm uses the net realizable value metho allocate joint costs and by-product costs. Assume no beginning inventory. Required: 1. What is the value of the ending inventory of product A? 2. What is the value of the ending inventory of product B? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the value of the ending inventory of product A? (Do not round intermediate calculations.) Ending inventoryRequired 1 Required 2 What is the value of the ending inventory of product B? (Do not round intermediate calculations.) Ending inventory
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