Solution-Calculate the value of ending inventory of Product

Calculate the value of ending inventory of Product X

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Reference no: EM132841827

Question - Samaritan Manufacturing Company Is in its first month or operation. The Costs of the joint process were direct materials, P30,000; direct labor, P12,000, and overhead, P8,380. Products X. Y, and Z are main products, B is a by-product. The company's policy is to recognize the net realizable value of any by-product inventory at split-off and reduce total joint cost by that amount. Neither the main products nor the by-product require any additional processing or disposal costs, although management may consider additional processing.

	Weight in lbs	MV at SPO point	Units produced	Units sold
X	4,300	66,000	3,220	2,720
Y	6,700	43,000	8,370	7,070
Z	5,400	11,200	4,320	3,800
B	2,300	2,300	4,600	4,000

Required -

1. Assuming that joint cost allocation is based on relative sales value, calculate the value of ending inventory of Product X?

2. Assuming that joint cost is allocated using physical measure, calculate the cost of goods sold of Product Y?

Reference no: EM132841827

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Calculate the value of ending inventory of Product X

Reference no: EM132841827

Reference no: EM132841827

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