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Author Question: Torid Company processes 17,750 gallons of direct materials to produce two products, Product X and ... (Read 220 times)

ap345

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Torid Company processes 17,750 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $7 per gallon and Product Y, the main product, sells for $160 per gallon. The following information is for December:
BeginningEnding
ProductionSalesInventoryInventory
Product X:542553000125
Product Y:10,17510,1702530

The manufacturing costs totalled $27,000.

The production method will report Product X in the balance sheet at ________.
◦ $0
◦ $4800
◦ $875
◦ $20,000


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Marked as best answer by ap345 on Mar 6, 2021

TheNamesImani

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ap345

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Reply 2 on: Mar 6, 2021
:D TYSM


AISCAMPING

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Reply 3 on: Yesterday
Wow, this really help

 

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