Solution-What is amount to be transferred to finished goods

What is amount to be transferred to finished goods account

Reference no: EM132567426

A company operates a process that produces two joint products x and y the joint costs amounted to 117000 during the past month. other details are as follow;

product x 2000 output (kg), selling price $20, sales (kg) 1000

product y 4000 output (kg),selling price$30, sales (kg)2500

Question 1: If the joint costs are apportioned on a sales value at split off point basis the gross profit income on product x will be?

double Ltd supplied the following information;

sales $500000

less total variable costs ($jQuery22409412642120517203_1593942727848?)

contribution $140000

Question 2: total number of units sold are?

Question 3: Caleb Ltd uses a process costing system. during the month they put 640 unit of total production at a cost $27680. the company has estimated that the normal loss would be 5% with a scrap value of $10 per unit. what is the amount to be transferred to finished goods account is?

Reference no: EM132567426

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What is amount to be transferred to finished goods account

Reference no: EM132567426

Reference no: EM132567426

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