Webster Company produces 20,000 units of product A, 15,000 units of product B, and 12,000 units of product C from the sam manufacturing process at a cost of $360,000. A and B are joint products, and C is regarded as a by-product. The unit selling p the products are $35 for A, $20 for B, and $1 for C. None of the products requires separable processing. Of the units produce Webster Company sells 13,000 units of A, 14,000 units of B, and 12,000 units of C. The firm uses the net realizable value meth allocate joint costs and by-product costs. Assume no beginning inventory. Required: 1. What is the value of the ending inventory of product A? 2. What is the value of the ending inventory of product B? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the value of the ending inventory of product A? (Do not round intermediate calculations.) Ending inventory < Required 1 Required 2 >

Webster Company produces 20,000 units of product A, 15,000 units of product B, and 12,000 units of product C from the sam manufacturing process at a cost of $360,000. A and B are joint products, and C is regarded as a by-product. The unit selling p the products are $35 for A, $20 for B, and $1 for C. None of the products requires separable processing. Of the units produce Webster Company sells 13,000 units of A, 14,000 units of B, and 12,000 units of C. The firm uses the net realizable value meth allocate joint costs and by-product costs. Assume no beginning inventory. Required: 1. What is the value of the ending inventory of product A? 2. What is the value of the ending inventory of product B? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the value of the ending inventory of product A? (Do not round intermediate calculations.) Ending inventory < Required 1 Required 2 >

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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