Anchorage Company manufactures three main products,L,M,and N,from a joint process.Additional information for June production activity follows: Assuming that the 10,000 units of N were processed further and sold for $78,000,what was Anchorage's gross profit from this sale? Assume the physical quantities method of allocation is used.
A)$21,000.
B)$28,500.
C)$30,000.
D)$66,000.

Question

Anchorage Company manufactures three main products,L,M,and N,from a joint process.Additional information for June production activity follows:  Assuming that the 10,000 units of N were processed further and sold for $78,000,what was Anchorage's gross profit from this sale? Assume the physical quantities method of allocation is used.
A)$21,000. 
B)$28,500. 
C)$30,000. 
D)$66,000.

Quizplus · Accepted Answer

The Answer of Anchorage Company manufactures three main products,L,M,and N,from a joint process.Additional information for June production activity follows:  Assuming that the 10,000 units of N were processed further and sold for $78,000,what was Anchorage's gross profit from this sale? Assume the physical quantities method of allocation is used.
A)$21,000. 
B)$28,500. 
C)$30,000. 
D)$66,000.

Anchorage Company Manufactures Three Main Products,L,M,and N,from a Joint Process