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clmt2010 clmt2010
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Posts: 402
4 years ago
Torid Company processes 18,025 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $5 per gallon and Product Y, the main product, sells for $170 per gallon. The following information is for December:
BeginningEnding
ProductionSalesInventoryInven tory
Product X:580057000100
Product Y:10,07510,18012520

The manufacturing costs totalled $26,000.

Under production method, Product X NRV would be offset against the costs of Product Y by how much?
A) $28,500
B) $29,000
C) $17,000
D) $500
Textbook 

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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Answer verified by a subject expert
jbag1237jbag1237
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Posts: 132
4 years ago
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More solutions for this book are available here
 B
Explanation:  5800 gallons  $5 = $29,000

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