Demonstrate what is the value of the ending inventory

Assignment Help Cost Accounting
Reference no: EM132755880

Problem 1: Products X, Y, and Z are produced from the same process at a cost of $5,440. Five thousand pounds of raw material yields 1,600 X, 2,600 Y, and 1,100 Z. Selling prices are: X $2 per unit, Y $4 per unit, and Z valueless. The ending inventory of X is 52 units. What is the value of the ending inventory if joint costs are allocated using net realizable value?

Multiple Choice

Option 1: $23.27

Option 2: $32.80.

Option 3: $41.60.

Option 4: $43.60.

Reference no: EM132755880

Questions Cloud

Unique strategic challenges that christian universities face : What are some of the unique strategic challenges that Christian universities face?
Calculate the expected return on stock of Gamma Inc : Calculate the expected return on stock of Gamma Inc.: Economic recession 11% -8.7% and Steady economic growth 50% 3.6%
Developing products and services : Perform a journal article search on "developing products and services" Which product dimensions are of the greatest and least importance?
Explain how you would treat the client differently : Briefly describe the case you selected. Explain how you would treat the client differently if he or she were a child or adolescent.
Demonstrate what is the value of the ending inventory : The ending inventory of X is 52 units. What is the value of the ending inventory if joint costs are allocated using net realizable value?
Difference between one-tailed and two-tailed tests : Assess the difference between one-tailed and two-tailed tests with examples.
Prepare the entry for the issuance under the assumption : Prepare the entry for the issuance under the following assumptions. The stock had a par value of $5 per share and was issued for a total of $50,400.
Discomfort in terms of learning about poverty : This film contains a bit of discomfort in terms of learning about poverty and some of the unintended consequences that go along with "giving."
How much better is the second contract : Suppose you are Hardy's agent and you wish to evaluate the two contracts using a required rate of return of 13 percent. How much better is the second contract

Reviews

Write a Review

Cost Accounting Questions & Answers

  When call demand is perfectly elastic

Economic theory argues that the higher the price of a good, the lower will be the quantity demanded. When we call demand is perfectly elastic?

  Determine whether sy telc should accept offer

Determine whether SY Telc should accept this offer under each of the following independent assumptions. (If answer is zero,

  Calculate annual lcc at an interest rate of seven per year

Use the cost estimates (shown in $1 million) for the 20-year life cycle to calculate the annual LCC at an interest rate of 7% per year.

  Determine the amount of payroll department costs chargeable

Jude Falls Corp. has three producing departments, A, B, and C, The amount of Payroll Department costs chargeable to Department C is P

  Finch corp sells portable air filtration systems by means

finch corp. sells portable air filtration systems by means of direct and internet mail orders. most of components are

  What year depreciation expense using the double-declining

What Year 4 depreciation expense using the double-declining balance method is closest to? On January 1, Plex Industries purchases a machine for $88,000

  Evaluate the customer be charged

A customer places 10 orders with a total direct cost of $3,000, orders 300 separate items, and makes 5 returns. Evaluate the customer be charged?

  What the budgeted break-even sales value

J has a contribution to sales ratio of 40%, whereas that of product, What The budgeted break-even sales value (to the nearest N$1 000)

  What the balance sheet for alpha company should show

What the 2018 balance sheet for Alpha Company should show goodwill of? In 2018, Alpha Company purchased Bravo Company for $16,000,000 cash.

  Find what is the volume variance

What is the volume variance? During its first year of operations of SCOFIELD manufactured 51,000 units and sold 48,000. The selling price per unit was P25

  What steps are involved in developing activity-based costing

What steps are involved in developing an activity- based costing system? Explain the preparation and use of a value-added/ non-value-added activity flowchart in an ABC system.

  Prepare the journal entry to establish the petty cash fund

Prepare the journal entry to establish the petty cash fund - Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd