ending inventory if joint costs are allocated using net realizable value? Multiple Choice $24.87. $34.40. $43.20.
ending inventory if joint costs are allocated using net realizable value? Multiple Choice $24.87. $34.40. $43.20.
Chapter1: Financial Statements And Business Decisions
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Products X, Y, and Z are produced from the same process at a cost of $5,880. Five thousand pounds of raw material yields 2,600 X, 3,600 Y,
and 2,100 Z. Selling prices are: X $2 per unit, Y $4 per unit, and Z valueless. The ending inventory of X is 72 units. What is the value of the
ending inventory if joint costs are allocated using net realizable value?
Multiple Choice
$24.87.
$34.40.
$43.20.
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