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Question 80

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Use the information below to answer the following question(s) .Troy Company processes 15,000 litres of direct materials to produce two products, Product X and Product Y.Product X, a byproduct, sells for $4 per litre, and Product Y, the main product, sells for $50 per litre.The following information is for August:
Use the information below to answer the following question(s) .Troy Company processes 15,000 litres of direct materials to produce two products, Product X and Product Y.Product X, a byproduct, sells for $4 per litre, and Product Y, the main product, sells for $50 per litre.The following information is for August:    The manufacturing costs totalled $95,000. -How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger when production is completed? A) $0 B) $1,500 C) $14,375 D) $16,000 E) $17,500 The manufacturing costs totalled $95,000.
-How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger when production is completed?


A) $0
B) $1,500
C) $14,375
D) $16,000
E) $17,500

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