Essay
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 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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