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Ellis Company Ellis Company Produces Two Products from a Joint

Question 25

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Ellis Company Ellis Company produces two products from a joint process: X and Z. Joint processing costs for this production cycle are $8,000.
Ellis Company Ellis Company produces two products from a joint process: X and Z. Joint processing costs for this production cycle are $8,000.   If X and Z are processed further, no disposal costs will be incurred or such costs will be borne by the buyer. Refer to Ellis Company. Using sales value at split-off, what amount of joint processing cost is allocated to Product X (round to the nearest dollar) ? A)  $5,500 B)  $2,500 C)  $4,000 D)  $3,243 If X and Z are processed further, no disposal costs will be incurred or such costs will be borne by the buyer.
Refer to Ellis Company. Using sales value at split-off, what amount of joint processing cost is allocated to Product X (round to the nearest dollar) ?


A) $5,500
B) $2,500
C) $4,000
D) $3,243

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