Ma4 . Tord Company processes 18.100 gallons of direct materials to produce two products, Product X and Product Y Product X sells for 30 per galon and Product Y, the main product sells for $200 per gallon. The following information is for December           The manufacturing costs totaled $29,000   If the byproduct inventory is recorded at NRV less profit margin of 40%, the balance sheet will report______of byproduct inventory     OA. $1.575   Ob. $0   Oc. $4,000   OD. $945

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter5: Support Department And Joint Cost Allocation
Section: Chapter Questions
Problem 4CMA: Tucariz Company processes Duo into two joint products, Big and Mini. Duo is purchased in...
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Ma4 .

Tord Company processes 18.100 gallons of direct materials to produce two products, Product X and Product Y Product X sells for 30 per galon and Product Y, the main product sells for $200 per gallon. The following information is for December

 

 

 

 

 

The manufacturing costs totaled $29,000

 

If the byproduct inventory is recorded at NRV less profit margin of 40%, the balance sheet will report______of byproduct inventory

 

 

OA. $1.575

 

Ob. $0

 

Oc. $4,000

 

OD. $945

Torid Company processes 18, 100 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $0 per gallon and Product Y, the main product, sells for $200 per
gallon. The following information is for December
Sales
Product X
Product Y
Production
OA. $1,575
OB. $0
OC. $4,000
COD. $945
5,675
10,275
5,500
10,330
Ending
Beginning
Inventory Inventory
0
75
175
20
The manufacturing costs totaled $29,000.
If the byproduct inventory is recorded at NRV less profit margin of 40%, the balance sheet will report
(x)
of byproduct inventory
Transcribed Image Text:Torid Company processes 18, 100 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $0 per gallon and Product Y, the main product, sells for $200 per gallon. The following information is for December Sales Product X Product Y Production OA. $1,575 OB. $0 OC. $4,000 COD. $945 5,675 10,275 5,500 10,330 Ending Beginning Inventory Inventory 0 75 175 20 The manufacturing costs totaled $29,000. If the byproduct inventory is recorded at NRV less profit margin of 40%, the balance sheet will report (x) of byproduct inventory
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