Cumadin Corporation, which manufactures Products W, X, Y, and Z through a joint process costing $18,000, has the following data for 2016: Sales Value Product Units Produced Split-Off W $10,000 ✗ $6,000 Y $16,000 Z $8,000 $5,000 $2,500 $3,000 $4,500 What is the amount of joint costs assigned to Product Y using the sales-value-at-split-off method? a. $7,200 b. $3,600 c. $1,200 d. $18,000

Cumadin Corporation, which manufactures Products W, X, Y, and Z through a joint process costing $18,000, has the following data for 2016: Sales Value Product Units Produced Split-Off W $10,000 ✗ $6,000 Y $16,000 Z $8,000 $5,000 $2,500 $3,000 $4,500 What is the amount of joint costs assigned to Product Y using the sales-value-at-split-off method? a. $7,200 b. $3,600 c. $1,200 d. $18,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 14E: LeMoyne Manufacturing Inc.’s joint cost of producing 2,000 units of Product X, 1,000 units of...

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