Solved

Peachland Fruit Ltd

Question 24

Essay

Peachland Fruit Ltd.harvests blueberries.After harvest, the company sells some berries fresh, freezes others, and processes some into juice.During the summer the joint costs of processing the berry products were $620,000.Any separable costs for each product are negligible and are not traced.There were no beginning or ending inventories for the summer.Production and sales value information for the summer were as follows:
Peachland Fruit Ltd.harvests blueberries.After harvest, the company sells some berries fresh, freezes others, and processes some into juice.During the summer the joint costs of processing the berry products were $620,000.Any separable costs for each product are negligible and are not traced.There were no beginning or ending inventories for the summer.Production and sales value information for the summer were as follows:    Required: Determine the amount allocated to each product if the sales value at splitoff method is used and compute the cost per case for each product. Required:
Determine the amount allocated to each product if the sales value at splitoff method is used and compute the cost per case for each product.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions