Make an income statement for the treatment of by-products

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30,000 units of Item X were produced with a production cost of IDR 60,000, consisting of:

Raw material cost: IDR 30,000

Labor costs: IDR 15,000

Factory overhead cost: IDR 15,000

As many as 25,000 units of main products are sold at a price of IDR 400 per unit, while all by-products are sold for IDR 4,000. The main product operational costs consist of marketing costs of IDR 20,000 and administration costs of IDR 10,000

Requested:

Question a. Income statement for the treatment of by-products sales using the net income recognition method and the replacement cost method!

Question b. Journal of sales results by product using the net income recognition method and the replacement method!

Reference no: EM132608842

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