Lite Co.manufactures products X and Y from a joint process that also yields a by-product,Z.Revenue from sales of Z is treated as a reduction of joint costs.Additional information is as follows: Joint costs were allocated using the net realizable value method at the split-off point.The joint costs allocated to product X were
A)$75,000.
B)$100,800.
C)$150,000.
D)$168,000.

Question

Lite Co.manufactures products X and Y from a joint process that also yields a by-product,Z.Revenue from sales of Z is treated as a reduction of joint costs.Additional information is as follows:  Joint costs were allocated using the net realizable value method at the split-off point.The joint costs allocated to product X were
A)$75,000. 
B)$100,800. 
C)$150,000. 
D)$168,000.

Quizplus · Accepted Answer

The Answer of Lite Co.manufactures products X and Y from a joint process that also yields a by-product,Z.Revenue from sales of Z is treated as a reduction of joint costs.Additional information is as follows:  Joint costs were allocated using the net realizable value method at the split-off point.The joint costs allocated to product X were
A)$75,000. 
B)$100,800. 
C)$150,000. 
D)$168,000.

Lite CoManufactures Products X and Y from a Joint Process That