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The Mallak Company Produced Three Joint Products at a Joint

Question 23

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The Mallak Company produced three joint products at a joint cost of $100,000.Two of these products were processed further.Production and sales were:
 Veight  Sales  Adit. Processing Costs P300,000ks.$245,000$200,000Q100,000ks.30,0000R100,000ks.175,000100,000\begin{array} { | l | c | r | r | } \hline & \text { Veight } & \text { Sales } & \text { Adit. Processing Costs } \\\hline \mathrm { P } & 300,000 \mathrm { ks } . & \$ 245,000 & \$ 200,000 \\\hline \mathrm { Q } & 100,000 \mathrm { ks } . & 30,000 & - 0 \\\hline \mathrm { R } & 100,000 \mathrm { ks } . & 175,000 & 100,000 \\\hline\end{array} What is the net income of Mallak Company if the estimated net realizable value method of joint cost allocation is used?


A) $20,000.
B) $50,000.
C) $150,000.
D) $350,000.

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