The Tacoma Recycling Company (TRC) purchases old water and soda bottles and recycles them to produce plastic covers for outdoor furniture. The company processes the bottles in a special piece of equipment that first melts, then reforms the plastic into large sheets that are cut to size. The edges from the cut pieces are sold for use as package filler. The filler is considered a byproduct. TRC can produce 28 table covers, 79 chair covers and 2 pounds of package filler from 100 pounds of bottles (Click the icon to view additional information.) Read the requirements. More info - X Table Chair Covers Covers Total Sales values at splitoff $ 492,800 $ Weighting 0.36 884,800 $ 064 1,377,600 Joint costs allocated $ 287,078 $ 510,362 $ 797,440 Now complete the statement below for TRC (Do not round intermediary calculations. Only round th Table Covers Chair Covers Total 242000 595000 837000 Revenues Cost of goods sold Joint costs allocated 287078 510362 797440 146148 167256 313404 Less: Ending inventory! 140930 Cost of goods sold 343106 484036 101070 251894 352964 Gross margin In June, TRC had no beginning inventory. It purchased and processed 160,000 pounds of bottles at a cost of $800,000. TRC sold 22,000 table covers for $11 each, 85,000 chair covers for $7 each, and 3,000 pounds of package filler at $0.80 per pound. Print Done
The Tacoma Recycling Company (TRC) purchases old water and soda bottles and recycles them to produce plastic covers for outdoor furniture. The company processes the bottles in a special piece of equipment that first melts, then reforms the plastic into large sheets that are cut to size. The edges from the cut pieces are sold for use as package filler. The filler is considered a byproduct. TRC can produce 28 table covers, 79 chair covers and 2 pounds of package filler from 100 pounds of bottles (Click the icon to view additional information.) Read the requirements. More info - X Table Chair Covers Covers Total Sales values at splitoff $ 492,800 $ Weighting 0.36 884,800 $ 064 1,377,600 Joint costs allocated $ 287,078 $ 510,362 $ 797,440 Now complete the statement below for TRC (Do not round intermediary calculations. Only round th Table Covers Chair Covers Total 242000 595000 837000 Revenues Cost of goods sold Joint costs allocated 287078 510362 797440 146148 167256 313404 Less: Ending inventory! 140930 Cost of goods sold 343106 484036 101070 251894 352964 Gross margin In June, TRC had no beginning inventory. It purchased and processed 160,000 pounds of bottles at a cost of $800,000. TRC sold 22,000 table covers for $11 each, 85,000 chair covers for $7 each, and 3,000 pounds of package filler at $0.80 per pound. Print Done
Chapter10: Short-term Decision Making
Section: Chapter Questions
Problem 11PA: Quality Clothing, Inc., produces skorts and jumper uniforms for schoolchildren. In the process of...
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