Author Question: Torid Company processes 18,025 gallons of direct materials to produce two products, Product X and ... (Read 222 times)

MGLQZ · **on:** Mar 6, 2021

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:

Beginning

Ending

Production

Sales

Inventory

Product X:

5800

5700

0

100

Product Y:

10,075

10,180

125

20

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

IAPPLET · **Reply #1 on:** Mar 6, 2021

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