15674.3 Orange Paper Company processes wood pulp into two products. During April the joincosts of processing were $132,000. Production and sales value information for themonth were as follows:6▪7Product9Paper10 Cardboard1112 Paper sells for $2.65/a kilogram and cardboard sells for $3.40 a kilogram. There were13 no beginning or ending inventories for April.14Kilograms Produced135,00098,000Required:Sales Value atsplitoff Point$55,00040,000Separable Cost$217,000259,00031) Determine the amounts to be allocated to each product using the:a) sales value at split-off method

Sales Value at split off Method :— It is the one of the method of allocating joint cost to Product.…

5 Orange Paper Company processes wood pulp into two products. During April the joit costs of processing were $132,000. Production and sales value information for the month were as follows: 8 Product Paper 0 Cardboard 1 Kilograms Produced 135,000 98,000 Required: Sales Value at splitoff Point $55,000 40,000 Separable Cost $217,000 259,000 Paper sells for $2.65/a kilogram and cardboard sells for $3.40 a kilogram. There were no beginning or ending inventories for April. 1) Determine the amounts to be allocated to each product using the: a) sales value at split-off method

5 Orange Paper Company processes wood pulp into two products. During April the joit costs of processing were $132,000. Production and sales value information for the month were as follows: 8 Product Paper 0 Cardboard 1 Kilograms Produced 135,000 98,000 Required: Sales Value at splitoff Point $55,000 40,000 Separable Cost $217,000 259,000 Paper sells for $2.65/a kilogram and cardboard sells for $3.40 a kilogram. There were no beginning or ending inventories for April. 1) Determine the amounts to be allocated to each product using the: a) sales value at split-off method

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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