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38) Tiger Company manufactures products R, S, and T from a joint process. The following information is available: Units produced Sales value at split-off Joint costs R 12,000 ? $ 48,000 A) B) C) D) E) A) Option A B) Option B C) Option C D) Option D Option E E) Sales value if processed further 110,000 Additional costs if $ 18,000 processed further Product R S $ 55,000. $ 63,000 $ 80,000 $ 91,000 $ 101,000 Product ? ? $ $ 90,000 $14,000 T ? $ 50,000 $60,000 $10,000 Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and S? Product S $ 75,000 $ 81,000 $ 70,000 Total 24,000 $ 200,000 $ 83,000 $ 92,000 $ 120,000 260,000 $ 42,000

38) Tiger Company manufactures products R, S, and T from a joint process. The following information is available: Units produced Sales value at split-off Joint costs R 12,000 ? $ 48,000 A) B) C) D) E) A) Option A B) Option B C) Option C D) Option D Option E E) Sales value if processed further 110,000 Additional costs if $ 18,000 processed further Product R S $ 55,000. $ 63,000 $ 80,000 $ 91,000 $ 101,000 Product ? ? $ $ 90,000 $14,000 T ? $ 50,000 $60,000 $10,000 Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and S? Product S $ 75,000 $ 81,000 $ 70,000 Total 24,000 $ 200,000 $ 83,000 $ 92,000 $ 120,000 260,000 $ 42,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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38) Tiger Company manufactures products R, S, and T from a joint process. The following information is available: Units produced Sales value at split-off Joint costs D) E) Sales value if processed further 110,000 Additional costs if $ 18,000 processed further A) Option A B) Option B C) Option C R 12,000 $ 48,000 D) Option D E) Option E Product R S $ 55,000 $ 63,000 $ 80,000 $ 91,000 $ 101,000 Product ? ? ? $ 50,000 ? $ $ 90,000 $14,000 T Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and S? $60,000 $10,000 Product S Total 24,000 $ 200,000 $ 75,000 $ 81,000 $ 70,000 $ 83,000 $ 92,000 $ 120,000 $ 260,000 $ 42,000
Transcribed Image Text:38) Tiger Company manufactures products R, S, and T from a joint process. The following information is available: Units produced Sales value at split-off Joint costs D) E) Sales value if processed further 110,000 Additional costs if $ 18,000 processed further A) Option A B) Option B C) Option C R 12,000 $ 48,000 D) Option D E) Option E Product R S $ 55,000 $ 63,000 $ 80,000 $ 91,000 $ 101,000 Product ? ? ? $ 50,000 ? $ $ 90,000 $14,000 T Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and S? $60,000 $10,000 Product S Total 24,000 $ 200,000 $ 75,000 $ 81,000 $ 70,000 $ 83,000 $ 92,000 $ 120,000 $ 260,000 $ 42,000
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