Please help me fast SDouglass Minerals mines ore and then processes it into other products. At the end of the mining process, the ore splits off into threeproducts: Metal-A, Metal-B, and Metal-C. Douglass sells Metal-C at the split-off point, with no further processing. Metal-A is processedIn Plant A, and Metal-B is processed in Plant B. The following is a summary of costs and other related data for the period endedDecember 31:.Process:LaborManufacturing overheadProductsUnits soldUnits in ending inventory (December 31)Sales revenueRequired:Compute the following:Mining$ 464,000$ 380,0009:Plant A$ 394,000$ 330,400c. Cost of Metal-B soldd. Ending inventory for Metal-CPlant B$ 272,000$ 128,000iemMetal-A218,00073,000$ 1,090,000Metal-B152,000eDouglass Minerals had no beginning inventories on hand at the beginning of the period. Douglass Minerals uses the net realizablevalue method to allocate Joint costs.$ 578,000Metal-C73,00052,000$ 182,500c. The cost of Metal-B sold for the period ended December 31.Note: Do not round Intermediate calculations. Round your final answer to the nearest whole dollar.d. The value of the ending Inventory for Metal-C.Note: Do not round Intermediate calculations. Round your final answer to the nearest whole dollar.

Joint Cost is the cost which incurred in before the split off point and there are methods for…

Douglass Minerals mines ore and then processes it into other products. At the end of the mining process, the ore splits off into three products: Metal-A, Metal-B, and Metal-C. Douglass sells Metal-C at the split-off point, with no further processing. Metal-A is processe In Plant A, and Metal-B is processed in Plant B. The following is a summary of costs and other related data for the period ended December 31: Process: Labor Manufacturing overhead Mining $ 464,000 $ 380,000 Products Units sold Units in ending inventory (December 31) Sales revenue Plant A $ 394,000 $ 330,400 Metal-A Plant B $ 272,000 $ 128,000 218,000 73,000 $ 1,090,000 Metal-B 152,000 e $ 578,000 Metal-C 73,000 52,000 $ 182,500

Douglass Minerals mines ore and then processes it into other products. At the end of the mining process, the ore splits off into three products: Metal-A, Metal-B, and Metal-C. Douglass sells Metal-C at the split-off point, with no further processing. Metal-A is processe In Plant A, and Metal-B is processed in Plant B. The following is a summary of costs and other related data for the period ended December 31: Process: Labor Manufacturing overhead Mining $ 464,000 $ 380,000 Products Units sold Units in ending inventory (December 31) Sales revenue Plant A $ 394,000 $ 330,400 Metal-A Plant B $ 272,000 $ 128,000 218,000 73,000 $ 1,090,000 Metal-B 152,000 e $ 578,000 Metal-C 73,000 52,000 $ 182,500

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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