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
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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc804e1c7-a295-4b3a-b24d-684894142ecd%2F1961d22e-54c9-4a7e-8fb6-8578b2a67b05%2Fve3s01v_processed.jpeg&w=3840&q=75)
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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