Staples LTD. manufactures two industrial compounds. In the month of Oct, 15 000 litres of...
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Staples LTD. manufactures two industrial compounds. In the month of Oct, 15 000 litres of direct material costing $160,000 were processed at a cost of $400 000. The joint process yielded 16 000 containers of a compound known as Jarlon and 4000 containers of a compound known as kharton. The respective selling prices of jarlon and kharton are $38 and $58. both products may be processed further. jarlon may be processed into Jaxton at an incremental cost of $32 per jar of the final product. The volume of jars of the final product are: 12 000 and 3 000 for jaxton and kraxton respectively. The selling price of jaxton is $48 per jar. the selling price of kraxton is $102 per jar. SHOW WORK
1)asumming the company uses the sales value at splitoff method and 2000 containers of jarlon and 75 containers of kharton are unsold at the end of the period. staples would report ending inventory of?
a)$38272
b) $56598
c) $53560
d) $79240
e) $58100
2) asumming staples uses the physical measures method and the 2000 containers of jarlon and 75 containers of kharton are unsold at the end of the period, staple swould report cost of goods sold of?
a)$501900
b)$358500
c) $506400
d)$58100
e)$143400
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