Solution-Find the amount of joint cost

Find the amount of joint cost

Assignment Help Cost Accounting

Reference no: EM132885644

Question - The Laverock Company's joint cost of producing 1000 units of product A, 500 units of product B and 500 units of product C is $ 100,000. The unit sales values of the three products at the split-off point are: A: $20, B: $200, C: $ $160. Ending inventories include 100 units of A, 300 units of B, and 200 units of C.

Required - Find the amount of joint cost that would be included in the ending inventory of the three products

(a) using the market value method.

(b) using the average unit cost method.

Reference no: EM132885644

Questions Cloud

Business law questions : What Is The Remedy In Civil Litigation Is Designed To Make The Guilty Party Fulfill His Or Her Obligation Or Promise To The Injured Party?

What financial and other factors do you think they need : It was then decided that a new imaging machine needed to be purchased as part of the project. What financial and other factors do you think they need

Explain employment at will and right to work : Compare and contrast the terms "Employment at Will" and "Right to Work". Make sure to include definitions and information as to potential variations by states.

Find advance ethical standards in and organization : In your own words, describe the four qualities that Nash proposes are necessary in order to advance ethical standards in and organization.

Find the amount of joint cost : The Laverock Company's joint cost of producing 1000 units of product A, Find the amount of joint cost

Difference between light touch and fine touch sensations : Maier has begun to reconsider his employees' compensation arrangements, articulacy Carter's. As he consults with his banker and advisers in the industry, he beg

Determining the workforce supply : What sources of data could assist this organization in determining the workforce supply

What is the best approach for measuring performance : What is the best approach for measuring performance?

Assignment on recruitment and selection : What is Recruitment - external/internal What is screening & selection Explain Person job - organization fit

User Account

All Pages

Find the amount of joint cost

Reference no: EM132885644

Reference no: EM132885644

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT