Tiger Company manufactures products R, S, and T from a joint process. The following information is available: Units produced Sales value at split-off Joint costs Sales value if processed further Additional costs if processed further A) B) C) D) E) Product R $575,000 $ 583,000 $ 600,000 $ 611,000 $ 621,000 R 90,000 ? Product S $ 539,000 $ 545,000 $ 534,000 $ 547,000 $ 556,000 $ 360,000 $ 890,000 $ 135,000 Product 7 2 2 $ 675,000 $ 96,000 2 $ 366,000 2 Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and S? $ 450,000 $ 76,500 Total 180,000 $ 1,500,000 $ 900,000 $ 2,015,000 $ 307,500
Tiger Company manufactures products R, S, and T from a joint process. The following information is available: Units produced Sales value at split-off Joint costs Sales value if processed further Additional costs if processed further A) B) C) D) E) Product R $575,000 $ 583,000 $ 600,000 $ 611,000 $ 621,000 R 90,000 ? Product S $ 539,000 $ 545,000 $ 534,000 $ 547,000 $ 556,000 $ 360,000 $ 890,000 $ 135,000 Product 7 2 2 $ 675,000 $ 96,000 2 $ 366,000 2 Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and S? $ 450,000 $ 76,500 Total 180,000 $ 1,500,000 $ 900,000 $ 2,015,000 $ 307,500
Chapter1: Financial Statements And Business Decisions
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Problem 1Q
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Transcribed Image Text:Tiger Company manufactures products R, S, and T from a joint process. The following information is available:
Units produced
Sales value at split-off
Product R
A) $ 575,000
B) $ 583,000
C)
$ 600,000
D)
$ 611,000
E) $ 621,000
24064
R
90,000
?
Product S
$ 539,000
$ 545,000
$ 534,000
$ 547,000
$ 556,000
$360,000
$ 890,000
$ 135,000
S
Product
2
7
2
Joint costs
Sales value if processed further
Additional costs if processed further
Assuming that joint product costs are allocated using the relative-sales-value at split-off approach, what was the sales value at split-off for products R and
S?
?
$ 366,000
$ 675,000
$ 96,000
2
Total
180,000
$ 1,500,000
$ 900,000
$ 2,015,000
$ 307,500
$ 450,000
$ 76,500
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