PLEASE ANSWER ASAP Question 12 15 pts The Southwest Bond...

60.1K

Verified Solution

Question

Accounting

PLEASE ANSWER ASAP
image
Question 12 15 pts The Southwest Bond Company manufactures 3 final products A, B and C, one by product. D and intermediate product R. During a recent month, the Joint cost of producing 2,000 units of C, 2,500 units of Rand 500 units of by product was processed for $15.000. Product Rwas processed further into 1.500 units of A and 1,000 units of B at a cost of $12,000. Additional costs to complete A and B were $5,000 and $10,000, respectively. The unit selling prices of A, B, C and D are $17. $15, $20 and $5 respectively. The by product D was processed further for $1.000 and is considered as Other Income. 500 units --- Selling price 55.00 $1.000 16 2.000 units Selling price $ 20.00 D $5.000 1.500 units $15.000 Selling price $17.00 R 2.500 units 512.000 1.000 units Selling price 515.00 $10,000 Required: Determine the Unit Cost of each final product and the Net Income when joint costs are allocated on the basis of relative net realizable value. Use 2 decimal places when entering your final answers. Product Total Cost Unit Cost Net Income A B Total Net Income

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