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Wildhorse produces two joint products, Coconut Milk and Coconut Meat. The company uses the leftover Coconut Skin as a byproduct. All three are produced from
Wildhorse produces two joint products, Coconut Milk and Coconut Meat. The company uses the leftover Coconut Skin as a byproduct. All three are produced from joint costs of $89800 : direct materials amounting to $58700 and another $31100 for direct labor and manufacturing overhead. Beginning inventory for all three products is zero. Information for production of the product is as follows: How much in total cost of goods sold would be recorded for the products sold under the production method? $66164.$89630$66798$64388
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