Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. products x,y, and z are produced from the same pro

Products X,Y, and Z are produced from the same process at a cost of $8,560....

90.2K

Verified Solution

Question

Accounting

image

Products X,Y, and Z are produced from the same process at a cost of $8,560. Five thousand pounds of raw material yields 2,900X,3,900Y, and 2,400Z. Selling prices are: X$2 per unit, Y$4 per unit, and Z valueless. The ending inventory of X is 78 units. What is the value of the ending inventory if joint costs are allocated using net realizable value? Multiple Choice $53.60. $64.40. $44.07. $62.40

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

Physics
1.2K views

Some people are able to spin a basketball on the tip of a finger. It is...

Biology
1.2K views

Question 21 Points 2 Sunlight is an example of sound energy O electric energy O...

Biology
1.2K views

The diagram shows a cross section of Earth 1 Which of these should be added...

Biology
1.2K views

A decrease in entropy is associated with which type of reaction Odehydration O catabolic Ohydrolysis...

Physics
1.2K views

An air bubble in sphere having 4 cm diameter appears 1 cr from surface nearest...

Statistics
1.2K views

ervals Qu Find the critical value z ne

Accounting
1.2K views

Question 7 The petty cash fund of $300 for Wang Company includes the following on...

Accounting
1.2K views

Current Attempt in Progress Blossom Department Store uses a perpetual inventory system. Data for product...

Accounting
1.2K views

Accounting Rate of Return Each of the following scenarios is independent. Assume that all cash...

Accounting
1.2K views

JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except...

Accounting
1.2K views

Given the following July data per books: 6/30 Balance $80 July Receipts $200 July Disbursements...

Finance
1.2K views

1. Bill holds a saving account. On the first day of every odd month (i.e.,...