Webster company produces 36000 units of product a 28000, Ask an Expert

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Webster Company produces 36,000 units of product A, 28,000 units of product B, and 11,000 units of product C from the same manufacturing process at a cost of $350,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $20 for A, $10 for B, and $1 for C. None of the products require separable processing. Of the units produced, Webster Company sells 29,000 units of A, 27,000 units of B, and 11,000 units of C. The firm uses the net realizable value method to allocate joint costs and by-product costs. Assume no beginning inventory. (Do not round intermediate calculations.)

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?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92017445

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