Algonquin Products produces two products, X and Y, in a single process. This year,...
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Accounting
Algonquin Products produces two products, X and Y, in a single process.
This year, the joint costs of this process were $25,000. In addition, 4,000 units of X and 6,000 units of Y were produced. Separable processing costs beyond the split-off point were X at $10,000 and Y at $20,000. X sells for $10.00 per unit, and Y sells for $7.50 per unit.
What is the gross profit of Product Y assuming the net realizable value method is used? (Round to the nearest dollar.)
$16,364
$45,000
$30,000
$13,636
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