The G-Lab Company produced three joint products at a joint cost of $150,000. Two of these products were processed further. Production and sales were: Product Weight Sales Additional Processing Costs 200,000 0 100,000 If joint costs are allocated based on relative weight of the outputs and all products are main products, how much of the joint costs would be allocated to product A? (Do not round intermediary calculations. Round final answer to the nearest cent.) A B с 100,000 lbs 200,000 lbs 300,000 lbs 245,000 30,000 175,000 OA $25,000.00 OB. $100,000.00 OC. $75,000.00 OD. $81,666.67 COD

The G-Lab Company produced three joint products at a joint cost of $150,000. Two of these products were processed further. Production and sales were: Product Weight Sales Additional Processing Costs 200,000 0 100,000 If joint costs are allocated based on relative weight of the outputs and all products are main products, how much of the joint costs would be allocated to product A? (Do not round intermediary calculations. Round final answer to the nearest cent.) A B с 100,000 lbs 200,000 lbs 300,000 lbs 245,000 30,000 175,000 OA $25,000.00 OB. $100,000.00 OC. $75,000.00 OD. $81,666.67 COD

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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