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Kei-Fukuda Kei-Fukuda
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5 years ago
Torid Company processes 18,700 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $10 per gallon and Product Y, the main product, sells for $150 per gallon. The following information is for December:
BeginningEnding
ProductionSalesInventoryInven tory
Product X:597558000175
Product Y:10,57510,65510020

The manufacturing costs totalled $30,000.

How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger at the point of sale?
A) $0
B) $1750
C) $3000
D) $26,250
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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jmendozajmendoza
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5 years ago
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