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Question 31

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Answer the following questions using the information below:
Athens Company processes 15,000 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $8 per gallon and Product Y, the main product, sells for $100 per gallon. The following information is for August:
Answer the following questions using the information below: Athens Company processes 15,000 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $8 per gallon and Product Y, the main product, sells for $100 per gallon. The following information is for August:    The manufacturing costs totaled $30,000. -How much is the ending inventory reduction for the byproduct if byproducts are recognized in the general ledger at the point of sale? A) $0 B) $563 C) $1,500 D) $17,500 The manufacturing costs totaled $30,000.
-How much is the ending inventory reduction for the byproduct if byproducts are recognized in the general ledger at the point of sale?


A) $0
B) $563
C) $1,500
D) $17,500

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