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Author Question: Torid Company processes 18,025 gallons of direct materials to produce two products, Product X and ... (Read 533 times)

MGLQZ

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Torid Company processes 18,025 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $5 per gallon and Product Y, the main product, sells for $170 per gallon. The following information is for December:
BeginningEnding
ProductionSalesInventoryInventory
Product X:580057000100
Product Y:10,07510,18012520

The manufacturing costs totalled $26,000.

Under production method, Product X NRV would be offset against the costs of Product Y by how much?
◦ $28,500
◦ $29,000
◦ $17,000
◦ $500


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Marked as best answer by MGLQZ on Mar 6, 2021

IAPPLET

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MGLQZ

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Reply 2 on: Mar 6, 2021
Excellent


lcapri7

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

 

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