Sunland, Inc. produces three separate products from a common process costing $101.000. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. The cost and selling price data for a recent period are as follows: Product 12 Product 14 Product 16 Sales Value at Split-Off Point $50,300 10,300 Total net income 59,400 Cost to Process Further $101,000 29,200 149,100 Sales Value after Further Processing $190.300 35.200 220,400 Determine the total net income if all products are sold at the split-off point.

Sunland, Inc. produces three separate products from a common process costing $101.000. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. The cost and selling price data for a recent period are as follows: Product 12 Product 14 Product 16 Sales Value at Split-Off Point $50,300 10,300 Total net income 59,400 Cost to Process Further $101,000 29,200 149,100 Sales Value after Further Processing $190.300 35.200 220,400 Determine the total net income if all products are sold at the split-off point.

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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