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Carson Wood Products Processes Logs into Four Grades of Lumber

Question 56

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Carson Wood Products processes logs into four grades of lumber totaling 500,000 board feet as follows at a joint cost of $300,000: Carson Wood Products processes logs into four grades of lumber totaling 500,000 board feet as follows at a joint cost of $300,000: What is the gross profit of No. 3 common if the constant gross margin percentage method is used? A) $135,000 B) $81,600 C) $45,900 D) $168,750 What is the gross profit of No. 3 common if the constant gross margin percentage method is used?


A) $135,000
B) $81,600
C) $45,900
D) $168,750

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