Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. batches incorporated produces joint products l, m,

Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning...

70.2K

Verified Solution

Question

Accounting

image

Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $135,000 was as follows: Separable Processing cost Units Produced Sales Value (after additional processing) $ 16,000 3,600 $ 84,000 M $ 37,000 8,500 $ 80,000 N $ 20,000 6,700 $ 43,000 Total $ 73,000 18,800 $ 207,000 The amount of joint costs allocated to product N using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Multiple Choice $22,098 O $23,172. O $43,321 $55,066 $68,507

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

a)            From the following sets of figures (i) Calculate the bank discount rate on each T-bill and (ii)...

Finance
Q

Which of the following would be most detrimental for cellular respiration? That is, which one would...

Biology
Q

You are planning to renew the heating system for your holiday village where you rent 50...

General Management
Q

When an object is placed at infinity of a con cave mirror then the image...

Physics
Q

Verify the identity sec x tan4 x sec x tan x sec x tan x...

Geometry
Q

36 X 7 000

Basic Math
Q

0 126 Question 2 Based on these results what can you conclude Use an alpha...

Statistics
Q

A quality control manager randomly selects 20 bottles of ketchup that were filled on November...

Statistics
Q

Coot of the covets frotd "rchesure

Accounting
Q

Hi , I need help with this question. The following is the unadjusted trial...

Accounting
Q

Effect of Financing on Earnings per Share Miller Co., which produces and sells skiing equipment,...

Accounting
Q

-l

Accounting