A students Online Service ACCOUNTING 12 1.29 points Problem 11-63 Finding Missing Data: Net...
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A students Online Service ACCOUNTING 12 1.29 points Problem 11-63 Finding Missing Data: Net Realizable Value (LO 11-7) Spartan Chemicals manufactures G-1, G-2, and G-3 from a joint process. Each gas can be liquified and sold for a higher price. Data on the process are as follows: Required: Determine the value of the missed item. (Do not round Intermediate calculations.) G-1 32,900 G-2 16,400 8,600 $ 62,000 Product Units produced Joint costs Sales value at split-off Additional costs to liquidy Sales value of liquified Total 57,900 $ 124,000 606,000 92,600 734.000 42,300 $ 31,500 429,000 181,000 $ 90,900 18,800 124,000 The joint costs of $62,000 for G-1 is the portion of the total joint cost of $124,000 that had been allocated to G-1 References eBook & Resources Worksheet
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