Pacific fruits process coconut solution general accounting question Pacific Fruits processes coconuts purchased from local farmers.Each batch of coconuts costs $35 to buy and $25 to process initially.The initial processing yields two intermediate products: coconuthusk and coconut meat. The husk can be sold as is for $15 orprocessed further for $40 to make premium fiber that sells for $85.The coconut meat can be sold as is for $55 or processed further for$45 to make premium coconut oil that sells for $90.How much profit (loss) does the company make by processing onebatch of coconuts into the end products premium fiber andpremium coconut oil?a. $60b. $30c. $15d. $25

Step 1: Definition of Profit/LossProfit or loss is calculated as the difference between the total…

Answered: Pacific Fruits processes coconuts…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Swagger Corporation purchases potatoes from farmers. The potatoes are then peeled, producing two intermediate products-peels and depeeled spuds. The peels can then be processed further to make a cocktail of organic nutrients. And the depeeled spuds can be processed further to make frozen french fries. A batch of potatoes costs $44 to buy from farmers and $12 to peel in the company's plant. The peels produced from a batch can be sold as is for animal feed for $26 or processed further for $17 to make the cocktail of nutrients that are sold for $46. The depeeled spuds can be sold as is for $37 or processed further for $26 to make frozen french fries that are sold for $58. Required: a. Assuming that no other costs are involved in processing potatoes or in selling products, how much money does the company make from processing one batch of potatoes into the cocktail of organic nutrients and frozen french fries? b. Should each of the intermediate products, peels and depeeled spuds, be sold…
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