(Answered) Question - algonquin products produces two products x and y

Accounting

Question - Algonquin Products produces two products, X and Y, in a single process. In 2011, the joint costs of this process were $25,000. In addition, 4,000 units of X and 6,000 units of Y were produced. Separable processing costs beyond the split-off point were X-$10,000; Y-$20,000. X sells for $10.00 per unit; Y sells for $7.50 per unit.

What is the gross profit of product Y assuming the net realizable value method is used?

a. $16,364

b. $13,636

c. $45,000

d. $30,000

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