Essay
Trundle Ltd. produces 2 main products, J and K, and a by-product, 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 production, what is the total value of ending inventory?
Correct Answer:
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Byproduct revenue = 6,000 ∗ $3 = $18,000...View Answer
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Correct Answer:
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