Webster Company produces 29,000 units of product A, 24,000 units of product B, and 18,000...

80.2K

Verified Solution

Question

Accounting

image
Webster Company produces 29,000 units of product A, 24,000 units of product B, and 18,000 units of product C from the same manufacturing process at a cost of $420,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are S40 for A. S35 for B, and S1 for C. None of the products require separable processing. Of the units produced, Webster Company sells 22,000 units of A, 23,000 units of B, and 18,000 units of C. Th allocate joint costs and by-product costs. Assume no beginning inventory. (Do not round intermediate calculations.) e firm uses the net realizable value method to Required: 1. What is the value of the ending inventory of product A? Ending inventory 2. What is the value of the ending inventory of product B? Ending inventory

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