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Trundle Ltd

Question 14

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Trundle Ltd.produces two main products, J and K; and, a byproduct, L.There were no beginning inventories.During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method.Additional information follows:
Trundle Ltd.produces two main products, J and K; and, a byproduct, L.There were no beginning inventories.During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method.Additional information follows: Required: Assuming Trundle recognizes byproduct revenue at the time of sale, what is the total value of ending inventory? Required:
Assuming Trundle recognizes byproduct revenue at the time of sale, what is the total value of ending inventory?

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Byproduct revenue = 5,200 ∗ $3 = $15,600...

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