Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a business allocates the cost of unprocessed wheat

A business allocates the cost of unprocessed wheat to the production of feed, flour, and...

90.2K

Verified Solution

Question

Accounting

A business allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $145,200, and the following quantities of product and sales revenues were produced.

ProductSales ValueFeed$ 84,700Flour133,100Starch24,200Total$ 242,000

How much of the $145,200 cost should be allocated to flour if the value basis is used?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

For the reaction show below determine the rate law. CH3COCH3 + Br2 → CH3COCH2Br + HBr(aq) The...

Basic Math
1.2K views

A Gallup Poll showed that 44% of Americans are satisfied with the way things are going...

Accounting
1.2K views

QUESTION 7a: Alpha Company prepares quarterly adjusting entries. On November 1, 2017, Alpha Company purchased equipment with...

Biology
1.2K views

In the lab simulation, given that BB moths are black, bb moths are white, &...

Physics
1.2K views

C L In the above circuit C F R 2002 C R 2 R 1...

Physics
1.2K views

In the figure the block B of mass m starts from rest at the toop...

Algebra
1.2K views

Function Composition Using Graphs Use the graphs for f x and g x to evaluate...

Accounting
1.2K views

Question 23. IPSAS 18 'Segment reporting' suggests that reportable segments should be identified by reference...

Accounting
1.2K views

The income statement of Raphael Inc. for 2019 and 2018 shows the following information. Calculate...

Accounting
1.2K views

Exercise 16-8 (Algo) Selected Financial Ratios [LO16-2, LO16-3, LO16-4] The financial statements for Castile Products,...

Accounting
1.2K views

quivalent unit for conversion costs for January in the Molding Department is closest to: Multiple...

Accounting
1.2K views

that follow Yex the foancialstatements. Beat the mevirements. Evaluate the company/s leverage and debt ratio...