User Account

All Pages

What the amount of joint costs allocated to product n

Assignment Help Financial Accounting
Reference no: EM132956947

Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $115,000 was as follows:

                                                         L                         M                   N                      TOTAL
Separable Processing cost                 $14000                $33,000       $14,000             $61,000
Units Produced                                    2,800                6,500             5,900                 15,000
Sales Value (after addt'l processing)          $76,000           $70,000         $31000                  $177000

Problem 1: The amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar)

Reference no: EM132956947

Questions Cloud

Calculate cost of goods sold for the month using fifo : Calculate cost of goods sold for the month using FIFO. Leland Inc. has 20 units in beginning inventory costing $50 each. It purchased 80 more for $45 each
What is advantages of partnerships options : List and explain at least one advantage and one disadvantage to this business form. Use concepts that expand the basic and obvious choices.
Determine how much cash will increase : Depreciation Expense is $54,000. Use this information to determine how much cash will increase (decrease) during the month of March
Prepare journal entries to record the expense : Prepare journal entries to record the expense and funding for the year. Defined benefit obligation, 1/1/20, accounting basis, before plan amendment $289,000
What the amount of joint costs allocated to product n : What the amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places)
Requirements of a case plan : Give an example of a situation in which your own values may have an effect on your ability to establish and meet the requirements of a case plan
Prepare the retained earnings account for jindabyne ltd : During the year ended 30 June 2019, Prepare the Retained Earnings account for Jindabyne Ltd for the year ended 30 June 2019.
Determine the gain or loss on the sale of the equipment : Assuming that the equipment was sold at the end of the second year for $230,400, determine the gain or loss on the sale of the equipment
What relative between sept one-nine-nine-six and last sept : Last September there were 661,428 scheduled passenger flights in a certain? country, What he relative difference between September of 1996 and last September is

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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