question archive Corey Corporation manufactures joint products W and X
Corey Corporation manufactures joint products W and X
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Corey Corporation manufactures joint products W and X. During a recent period, joint costs amounted to $300,000 in the production of 20,000 gallons of W and 60,000 gallons of X. Both products will be processed beyond the split-off point, giving rise to the following data:
| W | X | |||||
| Separable processing costs | $ | 40,000 | $ | 160,000 | ||
| Sales price (per gallon) if processed beyond split-off | $ | 14 | $ | 12 | ||
The joint cost allocated to X under the net-realizable-value method would be:
Multiple Choice
A. $210,000.
B. $180,000.
C. $184,000.
D. $190,000.
E. None of the answers is correct.
Option 1
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