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What is the total gross profit for the current period

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Question - Carl corp. manufactures three products and allocates joint costs at its relative sales value of split-off point. The following joint product cost were incurred for the current period.

Raw materials $180,000

Direct labor $120,000

Factory Overhead $200,000

The following production data were provided by Carl corp. for current period:

Product Name Unit Produced SP at SOP Separable Cost Final SP

Milk 10,000 $ 20.00 $ 50,000 $ 24

Flour 20,000 $ 15.00 $ 60,000 $ 18

Butter 30,000 $ 12.50 $ 1000,000 $16

Required -

What is the gross profit/unit of Product Isa for the current period?

What is the total gross profit (Loss) for the current period if Carl corp. will correctly process further the proper items?

Reference no: EM132730473

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