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Torid Company processes 17,750 gallons of direct materials to produce two products, Product X and ...

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Torid Company processes 17,750 gallons of direct materials to produce two products, Product X and ...

Torid Company processes 17,750 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $7 per gallon and Product Y, the main product, sells for $160 per gallon. The following information is for December:
BeginningEnding
ProductionSalesInventoryInven tory
Product X:542553000125
Product Y:10,17510,1702530

The manufacturing costs totalled $27,000.

The production method will report Product X in the balance sheet at ________.
A) $0
B) $4800
C) $875
D) $20,000

Textbook

Cost Accounting: A Managerial Emphasis

Edition: 16^th

Authors: Horngren, Datar, Rajan

Read 676 times

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More solutions for this book are available here

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AdamPG14 Author

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