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What is gain for loss on sale of product

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Question - In the third department of Company, a portion of the materials is by profit is removed further processed and sol. The company uses reversal cost method to account for by product. Data for May follow:

Amount of by product removed, 2,000 units

Estimated sales price of by product after further processing 1.20/unit

Estimated processing cost after separation, 0.30/unit

Estimated selling experises 10% of sale price

Estimated normal profit margin 5% of sales price

Required - What is gain for loss on sale of product if all the units are sold at 1.50?

Reference no: EM132944215

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