The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June Direct Materials processed: 23,500 gallons (after shrinkage) Production: Sales Sales Price: Separable costs in total Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream OA $35.500 B. $14,538 OC. $37,468 OD. $14,000 11,000 gallons 12,500 gallons 10,500 gallons 12,000 gallons $4.00 per gallon $9.00 per gallon $14,000 Condensed Milk $35,500 The cost of purchasing the of unprocessed milk and processing it up to the split- off point to yield a total of 23,500 gallons of saleable product was $52,000 The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Mik? (Round intermediary percentages to the nearest hundredth) +C
The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June Direct Materials processed: 23,500 gallons (after shrinkage) Production: Sales Sales Price: Separable costs in total Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream OA $35.500 B. $14,538 OC. $37,468 OD. $14,000 11,000 gallons 12,500 gallons 10,500 gallons 12,000 gallons $4.00 per gallon $9.00 per gallon $14,000 Condensed Milk $35,500 The cost of purchasing the of unprocessed milk and processing it up to the split- off point to yield a total of 23,500 gallons of saleable product was $52,000 The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Mik? (Round intermediary percentages to the nearest hundredth) +C
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 1MAD: Dura-Conduit Corporation manufactures plastic conduit that is used in the cable industry. A conduit...
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![The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:
Direct Materials processed: 23,500 gallons (after shrinkage)
Production
Sales
Sales Price:
Separable costs
in total:
Butter Cream
Condensed Mik
Butter Cream
Condensed Milk
Butter Cream
Condensed Milk
Butter Cream
OA $35.500
B. $14,538
OC. $37,468
OD. $14,000
11,000 gallons
12,500 gallons
10,500 gallons
12,000 gallons
$4.00 per gallon
$9.00 per gallon
$14,000
Condensed Milk
$35,500
The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 23,500 gallons of saleable product was $52,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages
to the nearest hundredth)
COLD](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0e5f60fc-6ad5-48c3-9a77-160404e9730e%2Fa09abbb5-1434-4ba3-a4b7-8c2cea27e06f%2F57s0ao_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:
Direct Materials processed: 23,500 gallons (after shrinkage)
Production
Sales
Sales Price:
Separable costs
in total:
Butter Cream
Condensed Mik
Butter Cream
Condensed Milk
Butter Cream
Condensed Milk
Butter Cream
OA $35.500
B. $14,538
OC. $37,468
OD. $14,000
11,000 gallons
12,500 gallons
10,500 gallons
12,000 gallons
$4.00 per gallon
$9.00 per gallon
$14,000
Condensed Milk
$35,500
The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 23,500 gallons of saleable product was $52,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages
to the nearest hundredth)
COLD
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