Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted...
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Accounting
Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $350,000 in the production of 20,000 gallons of W and 60,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data:
| W | X | |||||
| Separable processing costs | $ | 45,000 | $ | 165,000 | ||
| Sales price (per gallon) if processed beyond split-off | $ | 18 | $ | 10 | ||
The joint cost allocated to W under the net-realizable-value method would be: (Do not round intermediate calculations.)
Multiple Choice
$87,500.
$95,000.
$131,250.
$147,000.
None of the answers is correct.
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