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XYZ Manufacturing purchases trees from ABC company and split off point where two products (paper and pencil casings) are obtained. TH products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of November: Joint Costs Joint Costs (The cost of purchasing 100 trees and processing them up to the split off point $3,000 Paper Pencil Casings Beginning inventory Production Sales Ending inventory Selling price 60,000 60,000 58,000 60,000 2,000 $0.04 $0.10 Qurstin25 What the ales valae at e pio peint of the penil calag? $4000 ST.500

XYZ Manufacturing purchases trees from ABC company and split off point where two products (paper and pencil casings) are obtained. TH products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of November: Joint Costs Joint Costs (The cost of purchasing 100 trees and processing them up to the split off point $3,000 Paper Pencil Casings Beginning inventory Production Sales Ending inventory Selling price 60,000 60,000 58,000 60,000 2,000 $0.04 $0.10 Qurstin25 What the ales valae at e pio peint of the penil calag? $4000 ST.500

Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter25: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 4CMA: Oakes Inc. manufactured 40,000 gallons of Mononate and 60,000 gallons of Beracyl in a joint...
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00:59 : 2 XYZ Manufacturing purchases trees from ABC company 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 collected for the month of November: Joint Costs Joint Costs (The cost of purchasing 100 trees $3,000 and processing them up to the split off point Paper Pencil Casings Beginning inventory Production 60,000 58,000 60,000 Sales 60,000 Ending inventory Selling price 2,000 $0.04 s0.10 Question 125 What is the sales value at the splitoff peint of the pencil casings? $7.500 Pocherelo searh
Transcribed Image Text:00:59 : 2 XYZ Manufacturing purchases trees from ABC company 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 collected for the month of November: Joint Costs Joint Costs (The cost of purchasing 100 trees $3,000 and processing them up to the split off point Paper Pencil Casings Beginning inventory Production 60,000 58,000 60,000 Sales 60,000 Ending inventory Selling price 2,000 $0.04 s0.10 Question 125 What is the sales value at the splitoff peint of the pencil casings? $7.500 Pocherelo searh
Ending inventory 2,000 Selling price $0.04 $0.10 Question 2/ 25 If the sales value at splitoff method is used, what is the approximate production cost for each pencil casing? 1. O s0.0250 O S0.0255 O S0.0335 O s0.0357 2. 3. 4. Question 3 / 25 What is the sales value at the splitoff point for paper? 1. O$240 2. O$2,320 O S2,400 4. OS3,900 3. Question 4 / 25 If the sales value at splitoff method is used, what are the approximate joint costs assigned to ending inventory for paper? 1. O$28.58 Os100.00 OS870.00 4 O$1,500.00 2. 3. Question 5/ 25 What is the sales value at the splitoff point of the pencil casings? 1. $600 O $2,460 S6 00 2. 922 Wa Q) ENG 1/20 pe here to search
Transcribed Image Text:Ending inventory 2,000 Selling price $0.04 $0.10 Question 2/ 25 If the sales value at splitoff method is used, what is the approximate production cost for each pencil casing? 1. O s0.0250 O S0.0255 O S0.0335 O s0.0357 2. 3. 4. Question 3 / 25 What is the sales value at the splitoff point for paper? 1. O$240 2. O$2,320 O S2,400 4. OS3,900 3. Question 4 / 25 If the sales value at splitoff method is used, what are the approximate joint costs assigned to ending inventory for paper? 1. O$28.58 Os100.00 OS870.00 4 O$1,500.00 2. 3. Question 5/ 25 What is the sales value at the splitoff point of the pencil casings? 1. $600 O $2,460 S6 00 2. 922 Wa Q) ENG 1/20 pe here to search
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