Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $130,000 was as follows: L M N Total Separable Processing cost $ 15,500 $ 36,000 $ 18,500 $ 70,000 Units Produced 3,400 8,000 6,500 17,900 Sales Value (after additional processing) $ 82,000 $ 77,500 $ 40,000 $ 199, 500 the amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Multiple Choice $20, 509. $21,583. $41, 660. $53, 316. $66,757.

Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $130,000 was as follows: L M N Total Separable Processing cost $ 15,500 $ 36,000 $ 18,500 $ 70,000 Units Produced 3,400 8,000 6,500 17,900 Sales Value (after additional processing) $ 82,000 $ 77,500 $ 40,000 $ 199, 500 the amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Multiple Choice $20, 509. $21,583. $41, 660. $53, 316. $66,757.

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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