Why does the sales value at splitoff method use the sales value of the total production in the accounting period and not just the revenues from the products sold?
Why does the sales value at splitoff method use the sales value of the …
Oct 17, 2021
numerade.com
SOLVED: Joint Cost Allocation - Market Value at Split-off MethodSugar Sweetheart, Inc jointly produces raw sugar, estimated to be 50,250 pounds at the split-off point, while granulated and caster sugar are processed further. The market value of the granulated sugar and caster sugar is 1,640 and yields 3,600 pounds of granulated sugar and 2,000 pounds of caster sugar. After the split-off point, raw sugar is immediately sold for0.20 per pound.One batch of joint production costs 1,640 and yields 50
SOLVED: Joint Cost Allocation - Market Value at Split-off MethodS…
Apr 2, 2022
numerade.com
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