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Webstercompany produces 25,000 units of product A, 20,000 units of product B and 10,000 units of product C from same manufacturing process at cost of
Webstercompany produces 25,000 units of product A, 20,000 units of product B and 10,000 units of product C from same manufacturing process at cost of $340,000. Other Details:
- Product A & B = Joint Products
- Product C= By Product
- Unit selling prices: $30 (A), $25 (B) and $1 (C)
- No Separable cost for any products
- Units Sold: 18,000 (A), 19,000 (B) and 10,000(C)
- Firm uses Net Realization Method to allocate joint costs and by product.
- Assume no beginning inventory
Question: What is the value of the ending inventory of Product A & B?
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