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Author Question: The Green Company processes unprocessed goat milk up to the split-off point where two products, ... (Read 67 times)

Garrulous

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The Green Company processes unprocessed goat milk up to the split-off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October:

Direct Materials processed:104,000 gallons (after shrinkage)
Production:Condensed goat milk45,500 gallons
Skim goat milk58,500 gallons
Sales:Condensed goat milk$5.00 per gallon
Skim goat milk$4.50 per gallon
The costs of purchasing the of unprocessed goat milk and processing it up to the split-off point to yield a total of 104,000 gallons of saleable product was $186,480. There were no inventory balances of either product.  Condensed goat milk may be processed further to yield 45,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $4 per usable gallon. Xyla can be sold for $19 per gallon.

Skim goat milk can be processed further to yield 57,200 gallons of skim goat ice cream, for an additional processing cost per usable gallon of $4. The product can be sold for $9 per gallon.
There are no beginning and ending inventory balances.

Using estimated net realizable value, what amount of the joint costs would be allocated Xyla and the skim goat ice cream?  (Round intermediary percentage calculations to the nearest hundredth.)
◦ $675,000 and $286,000
◦ $130,984 and $55,496
◦ $93,240 and $93,240
◦ $86,448 and $100,032


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Marked as best answer by Garrulous on Mar 6, 2021

duy1981999

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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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Garrulous

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


diana chang

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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