Tendler Co. produces two products, X and Y, using a joint process. The following data has been given to you: Joint cost Unit selling prices of completely processed products Units produced and processed beyond split-off Processing cost beyond split-off point Total $3,300 450 $3,700 Allocate the joint cost using the net-realizable value method: X: S XIN Y: S ? $10 300 $1,100 $40 150 $2,600

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tendler Co. produces two products, X and Y, using a joint process. The following data
has been given to you:
Joint cost
Unit selling prices of completely
processed products
Units produced and processed beyond
split-off
Processing cost beyond split-off
point
Total
$3,300
450
$3,700
Allocate the joint cost using the net-realizable value method:
X: S
XIN
Y: S
?
$10
300
$1,100
Y
?
$40
150
$2,60
Transcribed Image Text:Tendler Co. produces two products, X and Y, using a joint process. The following data has been given to you: Joint cost Unit selling prices of completely processed products Units produced and processed beyond split-off Processing cost beyond split-off point Total $3,300 450 $3,700 Allocate the joint cost using the net-realizable value method: X: S XIN Y: S ? $10 300 $1,100 Y ? $40 150 $2,60
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