PLEASE SHOW YOUR SOLUTIONS. ASAP THANKS. #25 Paper Pulp Company purchases trees form Manila seedling and processes them Un tothe split-off point, where two products (paper and pencil casings) are obtained Theproducts are then sold to an independent company that markets and distributes them toretail outlets. The following information was obtained for the month of August.Trees processed:50 trees (yield is 30,000 sheets of paper and 30,000pencil casings and no scrap)РаperPencil casingsРаperPencil casings30,000 sheets30,00029,000 at P 0.40 per page30,000 at P 1.00 per casingProductionSalesCost of purchasing 50 trees and processing them up to the split-off point is P 15,000.Paper Pulp Company's accounting department reported no beginning inventories,however, ending inventory amounts reflected 1,000 sheets of paper in stock.25. What are the paper's and pencil's approximate weighted average cost proportionsusing the sales value at split-off method, respectively?a. 28.57% and 71.43%b. 33.33% and 66.67%C. 49.00% and 51.00%d. 50.00% and 50.00%

Total joint cost at split- off point isP15000 Sales value for 30000* sheets of paper = 30000*0.40…

'Paper Pulp Company purchases trees form Manila seedling and processes them up to the split-off point, where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was obtained for the month of August. Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) Раper Pencil casings Раper Pencil casings Production 30,000 sheets 30,000 29,000 at P 0.40 per page 30,000 at P 1.00 per casing Sales Cost of purchasing 50 trees and processing them up to the split-off point is P 15,000. Paper Pulp Company's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock. 25. What are the paper's and pencil's approximate weighted average cost proportions using the sales value at split-off method, respectively? a. 28.57% and 71.43% b. 33.33% and 66.67% с. 49.00% and 51.00% d. 50.00% and 50.00%

'Paper Pulp Company purchases trees form Manila seedling and processes them up to the split-off point, where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was obtained for the month of August. Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) Раper Pencil casings Раper Pencil casings Production 30,000 sheets 30,000 29,000 at P 0.40 per page 30,000 at P 1.00 per casing Sales Cost of purchasing 50 trees and processing them up to the split-off point is P 15,000. Paper Pulp Company's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock. 25. What are the paper's and pencil's approximate weighted average cost proportions using the sales value at split-off method, respectively? a. 28.57% and 71.43% b. 33.33% and 66.67% с. 49.00% and 51.00% d. 50.00% and 50.00%

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 12E: Adirondack Bat Co. processes rough timber to obtain three grades of lumber, A, B, and C that are...

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