19) Woodridge Corporation has a joint process that produces three products: P, G and A....
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Accounting
19) Woodridge Corporation has a joint process that produces three products: P, G and A. Each product may be sold at split-off or processed further and then sold. Joint-processing costs for a year amount to $25,000. The production level for each product is 1,000 units. Other data follows:
Sales Value Separable Processing Sales Value
Product at Split-Off Costs after Split-Off at Completion
P $12 $9 $21
G 10 4 17
A 15 6 19
Assume Woodridge Corporation processes the joint products beyond the split-off point that will maximize net income. Woodridge Corporation's net income is ________.
A) $12,000
B) $15,000 this is the correct answer, please explain why
C) $17,000
D) $25,000
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