Please do not give solution in image format thanku Denver Fabricators manufactures products DF1 and DF2 from a joint process, which also yields a by-product, BP. The companyaccounts for the revenues from its by-product sales as other income. Additional Information follows:Units producedAllocated joint costsSales value at split-offDF1DF2BPDF127,000?$ 561,000 $ 187,000Joint CostDF218,000BP15,000?$ 102,000.TotalRequired:Assuming that joint product costs are allocated using the net realizable value at split-off approach, what joint costs are allocated toeach of the joint products DF1 and DF2 and to the by-product, BP?Note: Do not round intermediate calculations.60,000$ 560,000$ 850,000

Lets understand the basics. When more than one product is produced from one process then all the…

Denver Fabricators manufactures products DP and DF2 from a joint process, which also yields a by-produc accounts for the revenues from its by-product sales as other Income. Additional Information follows: Units produced Allocated joint costs Sales value at split-off DF1 DF2 BP DF1 27,000 ? $ 561,000 Joint Cost DF2 18,000 $ 187,000 BP 15,000 ? $ 102,000 Total Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what Join each of the joint products DF1 and DF2 and to the by-product, BP? Note: Do not round Intermediate calculations. 60,000 $ 560,000 $ 850,000

Denver Fabricators manufactures products DP and DF2 from a joint process, which also yields a by-produc accounts for the revenues from its by-product sales as other Income. Additional Information follows: Units produced Allocated joint costs Sales value at split-off DF1 DF2 BP DF1 27,000 ? $ 561,000 Joint Cost DF2 18,000 $ 187,000 BP 15,000 ? $ 102,000 Total Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what Join each of the joint products DF1 and DF2 and to the by-product, BP? Note: Do not round Intermediate calculations. 60,000 $ 560,000 $ 850,000

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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