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Blossom Inc. produces three separate products from a common process costing $100,300. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period.     Sales Value at Split-Off Point   Cost to Process Further   Sales Value after Further Processing   Product 10     $59,400       $100,900       $190,100     Product 12     15,000       30,100       34,000     Product 14     55,600       149,400       215,900 Determine total net income if all products are sold at the split-off point. Net income

Blossom Inc. produces three separate products from a common process costing $100,300. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period.     Sales Value at Split-Off Point   Cost to Process Further   Sales Value after Further Processing   Product 10     $59,400       $100,900       $190,100     Product 12     15,000       30,100       34,000     Product 14     55,600       149,400       215,900 Determine total net income if all products are sold at the split-off point. Net income

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Blossom Inc. produces three separate products from a common process costing $100,300. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period.

   
Sales Value
at Split-Off
Point
  
Cost to
Process
Further
  
Sales Value
after Further
Processing
  
Product 10
    
$59,400
      
$100,900
      
$190,100
    
Product 12
    
15,000
      
30,100
      
34,000
    
Product 14
    
55,600
 
    
149,400
      
215,900

Determine total net income if all products are sold at the split-off point.

Net income
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