Lee Company processes 18,000 kilograms of direct materials to produce two...
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Accounting
Lee Company processes 18,000 kilograms of direct materials to produce two products Product Pand Product Q. Product P, a byproduct, sells for $3 per kilogram, and Product Y, the main product, sells for $120 per kilogram. The following information is for August: Production Sales Beginning Ending Inventory Inventory Product P: 5,675 5,300 0 375 Producto 12,000 11,250 250 1,000 The manufacturing costs totalled $210,000. How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger at the point of sale? O $0. O $1.125 O $17.025 315.000
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