Bismite Corporation purchases trees from Cheney lumber and processes them up to thesplit-off point where...
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Accounting
Bismite Corporation purchases trees from Cheney lumber and processes them up to thesplit-off point where two products(paper and pencilcasings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month ofOctober:
Trees processed:
310
trees
Production:
paper
180,000
sheets
pencil casings
180,000
Sales:
paper
170,000
at$0.20 per page
pencil casings
177,500
at$0.24 per casing
The cost of purchasing 310 trees and processing them up to thesplit-off point to yield180,000 sheets of paper and180,000 pencil casings is$12,500.
Bismite's accounting department reported no beginning inventory.
What is the total sales value at thesplit-off point forpaper?
A.
$42,600
B.
$43,200
C.
$36,000
D.
$34,000
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