Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted...
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Accounting
Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $690,000 in the production of 50,000 gallons of W and 60,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data:
W
X
Separable processing costs
$
40,000
$
180,000
Sales price (per gallon) if processed beyond split-off
$
14
$
12
The joint cost allocated to X under the net-realizable-value method would be: (Do not round intermediate calculations.)
Multiple Choice
$310,500.
$504,545.
$440,141.
$260,500.
None of the answers is correct.
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