Jagger, Inc. production begins in Department A with 1,000 kilograms of material, of which 40%...
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Accounting
Jagger, Inc. production begins in Department A with 1,000 kilograms of material, of which 40% goes to Department B, 50% to Department C, and the rest evaporates.From Department C, 72% goes to Department D, 24% to Department E, and the remainder is scrapped.There are no intermediate markets.By-product sales are treated as miscellaneous income.The following occurred during the month:
DepartmentCostsSalesProduct Type
A$20,000---
B5,000$10,000By-product
C30,000---
D20,00060,000Joint-1
E10,00030,000Joint-2
If Jagger uses the net realizable value method, the total cost of Joint-2 is:
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