Rock-On Company produces two products (X and Y) from a joint process. Each product may...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Rock-On Company produces two products (X and Y) from a joint process. Each product may be sold at the split-off point or processed further. Joint manufacturing costs for the year were $60,000. Sales values and costs were as follows:
PRODUCT
UNITS MADE
SALES VALUE AT THE SPLIT-OFF POINT
SALES VALUE IF PROCESSED FURTHER
COST OF PROCESSING FURTHER
X
9,000
$40,000.
$78,000.
$10,500.
Y
6,000
$80,000.
$90,000.
$ 7,500
If the joint production costs are allocated based on the net-realizable-value method, the amount of joint cost assigned to product Y would be: A. $20,000.
Group of answer choices
$27,000.
$20,000.
$33,000.
$40,000
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: Zin AI - Your personal assistant for all your inquiries!
