80.2K

Verified Solution

Link Copied!

Question 1 Mark o.00 out of 24.00 Approximated net realizable value method and sell or process further Lauren inc. makes three products that can be sold atsplit-off or processed further and then sold. The joint cost for April is 52,160,000. The number of ounces in a bottie of each product is, perfume, one; eau de tollette, two; and body splash, three. Assume that all products are processed further after split-off. a. Alocate the joint cost based on the number of bottles, weight, and approximated net realizabie values at split off. Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar. b. Assume that all products are processed further and completed. At the end of the period, the inventories are as follows: perfume, 1200 bottles; eau de toilette, 3,200 bottles, and body splash, 3,360 bottles. Determine the values of the inventories based on answers obtained in Note: Round your final answer to the nearest whole dollar. 1. Allocation by bottles 2. Allocation by weight 3. Allocation by approximated NRV Homework 11 You have correctly selected 0. theorrect Marks for this submission: 0,00/24.00 Question 1 Mark o.00 out of 24.00 Approximated net realizable value method and sell or process further Lauren inc. makes three products that can be sold atsplit-off or processed further and then sold. The joint cost for April is 52,160,000. The number of ounces in a bottie of each product is, perfume, one; eau de tollette, two; and body splash, three. Assume that all products are processed further after split-off. a. Alocate the joint cost based on the number of bottles, weight, and approximated net realizabie values at split off. Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar. b. Assume that all products are processed further and completed. At the end of the period, the inventories are as follows: perfume, 1200 bottles; eau de toilette, 3,200 bottles, and body splash, 3,360 bottles. Determine the values of the inventories based on answers obtained in Note: Round your final answer to the nearest whole dollar. 1. Allocation by bottles 2. Allocation by weight 3. Allocation by approximated NRV Homework 11 You have correctly selected 0. theorrect Marks for this submission: 0,00/24.00

Answer & Explanation Solved by verified expert

See Answer