Please do not give solution in image format thanku Webster Company produces 30,000 units of product A, 24,000 units of product B, and 16,000 units of product C from the samemanufacturing process at a cost of $400,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices ofthe products are $30 for A. $25 for B, and $1 for C. None of the products requires separable processing. Of the units produced,Webster Company sells 23,000 units of A, 23,000 units of B, and 16,000 units of C. The firm uses the net realizable value method toallocate 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 2What is the value of the ending inventory of product A? (Do not round intermediate calculations.)Ending inventoryRequired 1Required 2 > Webster Company produces 30,000 units of product A, 24,000 units of product B, and 16,000 units of product C from the samemanufacturing process at a cost of $400,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices ofthe products are $30 for A. $25 for B, and $1 for C. None of the products requires separable processing. Of the units produced,Webster Company sells 23,000 units of A, 23,000 units of B, and 16,000 units of C. The firm uses the net realizable value method toallocate 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 2What is the value of the ending inventory of product B? (Do not round intermediate calculations.)Ending inventory< Required 1Required 2 >

Inventory: The current asset of the company classified as raw material, work-in-process, and…

Webster Company produces 30,000 units of product A, 24,000 units of product B, and 16,000 units of product C from the same manufacturing process at a cost of $400,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $30 for A. $25 for B, and $1 for C. None of the products requires separable processing. Of the units produced, Webster Company sells 23,000 units of A, 23,000 units of B, and 16,000 units of C. The firm uses the net realizable value method to 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.

Webster Company produces 30,000 units of product A, 24,000 units of product B, and 16,000 units of product C from the same manufacturing process at a cost of $400,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $30 for A. $25 for B, and $1 for C. None of the products requires separable processing. Of the units produced, Webster Company sells 23,000 units of A, 23,000 units of B, and 16,000 units of C. The firm uses the net realizable value method to 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.

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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