ADDITIONAL QUESTION - JOINT COSTS Green Co processes X into various industrial products. In January...
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ADDITIONAL QUESTION - JOINT COSTS Green Co processes X into various industrial products. In January 2023, Green incurred joint costs of $100,000 to purchase X and convert it into two products: A and B. Although there is an active outside market for B, Green processes all 800 tons of B it produces into 500 tons of C, which is then sold. There were no beginning or ending inventories in January. Information for January 2023 production and sales follows: 1. Allocate the joint costs of $100,000 between A and C under the sales value at splitoff method and calculate the cost per ton. Calculate gross margin percentages. ADDITIONAL QUESTION - JOINT COSTS Green Co processes X into various industrial products. In January 2023, Green incurred joint costs of $100,000 to purchase X and convert it into two products: A and B. Although there is an active outside market for B, Green processes all 800 tons of B it produces into 500 tons of C, which is then sold. There were no beginning or ending inventories in January. Information for January 2023 production and sales follows: 1. Allocate the joint costs of $100,000 between A and C under the sales value at splitoff method and calculate the cost per ton. Calculate gross margin percentages
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