(Steps Shown) Joint Products, Inc., produces two joint products, X and V, using a common input. These are produced in batches. The common input costs $ 8,000
Question: Joint Products, Inc., produces two joint products, X and V, using a common input. These are produced in batches. The common input costs $ 8,000 per batch. To produce the final products (X and V), additional processing costs beyond the split- off point must be incurred. There are no beginning inventories. The accompanying data summarize the operations.
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Required:
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Compute the full cost of the ending inventory using net realizable value to allocate joint cost. b. If the selling prices at the split-off point (before further processing) are $ 35 and $ 1 per pound of X and V, respectively, what should the firm do regarding further processing? Show calculations.
Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document
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