Essay
Moore Company
Moore Company produces three products from the same process and incurs joint processing costs of $3,000.
| Gallons | Sales price per gallon at split-off | Disposal cost per gallon at split-off | Further processing costs | Final sales price per gallon | |
| M | 2,300 | $ 4.50 | $1.25 | $1.00 | $ 7.00 |
| N | 1,100 | 6.00 | 3.00 | 2.00 | 10.00 |
| Q | 500 | 10.00 | 8.00 | 2.00 | 15.00 |
Disposal costs for the products if they are processed further are:
M,$3.00;N,$5.50;Q,$1.00.
Refer to Moore Company.What amount of joint processing cost is allocated to the three products using sales value at split-off?
Correct Answer:
Verified
Correct Answer:
Verified
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