Mathematics · Cost Accounting
Two products (W and X) are created from a joint process. Both products can be sold immediately after split-off. There are no opening inventories or work in progress. The following information is available for the last period: Total joint production costs: $776,160 Product W: Production = 12,000 units; Sales = 10,000 units; Selling price = $10 per unit Product X: Production = 10,000 units; Sales = 8,000 units; Selling price = $12 per unit Using the sales value method of apportioning joint production costs, what was the value of the closing inventory of product X for the last period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$77,616
- 2$155,232✓
- 3$388,080
- 4$310,464
Correct answer
$155,232
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