Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help with part (c) whispering group provid

Please help with part (C) Whispering Group provides many of the laminated products that...

50.1K

Verified Solution

Question

Accounting

Please help with part (C) Whispering Group provides many of the laminated products that teachers use in their classrooms. Whispering management considers
the company to also be quite green, as it captures the small cut-out pieces and sells them to an organization that uses them in its
production of plastic tableware. To date, Whispering has treated these cut-outs as a by-product, since it receives a small value for the
items upon sale. The quantities and values of both the main laminated products and the small cut-outs, created in a joint process that
costs $1,200, are as follows. Both products are sold at the split-off point and not processed further. All sales are on account.
(a)
(b).
(c)
If 20% of the production for both products had been unsold as of year-end, how much imentory cost would remain on the balance
sheet for each product under (1) the sales method and (2) the production method? (Do not leave any answer field blank. Enter 0 for
amounts.)
(1) The sales method
(2) The production method
Please help with part "C"
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

You are conducting a multinomial Goodness of Fit hypothesis test for the claim that the 4...

Basic Math
1.2K views

The following data represent the number of flash drives sold per day at a local computer shop...

Statistics
1.2K views

A test is given and the average (μX) score out of 100 was only a 53.1,...

Biology
1.2K views

The side chain of Asp 94 on the b chain of hemoglobin is in close proximity...

Advance Math
1.2K views

Course: Differential Geometry (Vector Calculus & Linear Algebra) Provide all proofs (a) Find the formula for the distance...

Physics
1.2K views

The two pulley arrangements shown in the figure are identical The mass of the rope...

Basic Math
1.2K views

Write Matlab scripts that determine the zero state responses of the following systems by solving...

Accounting
1.2K views

Please write it in paper Question # 01 Joan Robinson opens her own law...

Accounting
1.2K views

The following information pertains to the Clooney Company: Units Work-in-process, June 1 (35 percent complete)...

Accounting
1.2K views

Les Objets Volants (LOJ), S.A., of France, makes aircraft equipment. The company has been experiencing...

Accounting
1.2K views

Tower Company owned a service truck that was purchased at the beginning of 2018 for...

Finance
1.2K views

(This question has two parts.) It is 2021. You are investigating the possibility of making...