User Account

All Pages

What is the value of the ending inventory of product

Assignment Help Accounting Basics
Reference no: EM132224863

Question - Please provide calculations and formulas: Webster Company produces 35,000 units of product A, 30,000 units of product B, and 19,000 units of product C from the same manufacturing process at a cost of $430,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $40 for A, $20 for B, and $1 for C. None of the products requires separable processing. Of the units produced, Webster Company sells 28,000 units of A, 29,000 units of B, and 19,000 units of C. The firm uses the net realizable value method to allocate joint costs and by-product costs. Assume no beginning inventory.

Required:

1. What is the value of the ending inventory of product A?

2. What is the value of the ending inventory of product B?

Reference no: EM132224863

Questions Cloud

How much will we make each year : There are 900 million shirts sold in China each year. If we get a 1% market share and profit $1.00 per shirt how much will we make each year
The essential components of effective training proposal : What do you believe are the essential components of an effective training proposal? Provide sources to support your answer.
How much of the joint cost of each production run : How much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method
Company ethnic mix affect the employment and communities : In the next 10 years, how will Union Pacific Company's ethnic mix affect the employment and communities?
What is the value of the ending inventory of product : Webster Company produces 35,000 units of product A, 30,000 units of product B, and 19,000 units of product C, What is the value of ending inventory of product
Marketing performance through creative-innovative tactics : Describe how you will increase your marketing performance through creative and innovative tactics.
Calculate the expenses of murray sporting goods : Murray Sporting Goods began business on January 1, 2007, with capital stock of $15,000. The expenses of Murray Sporting Goods for 2007 amounted to
Calculate the net income for the year : Tiptoe Shoes, had annual revenues of $196,000, expenses of $109,200, Calculate the Net Income for the year
What are common patterns of deductive-inductive reasoning : What are the common patterns of deductive and inductive reasoning ? give example Define what ought imperative?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd