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Author Question: Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point ... (Read 85 times)

jho37

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on: Mar 6, 2021
Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from the process. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October:

Trees processed:310 trees 
Production:paper190,000 sheets
pencil casings190,000
Sales:paper178,000 at $0.10 per page
pencil casings189,000 at $0.14 per casing
The cost of purchasing 310 trees and processing them up to the split-off point to yield 190,000 sheets of paper and 190,000 pencil casings is $13,500.

Bismite's accounting department reported no beginning inventory.

If the sales value at split-off method is used, what are the approximate joint costs assigned to ending inventory for paper? (Round intermediary percentages to the nearest hundredth.)
◦ $355.29
◦ $29.61
◦ $497.34
◦ $379.24
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by jho37 on Mar 6, 2021

ASDFGJLO

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jho37

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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