Ellis Company Ellis Company produces two products from a joint process: X and Z.Joint processing costs for this production cycle are $8,000.
If X and Z are processed further,no disposal costs will be incurred or such costs will be borne by the buyer.
Refer to Ellis Company.Using net realizable value at split-off,what amount of joint processing cost is allocated to Product X (round to the nearest dollar)?

Question

Ellis Company Ellis Company produces two products from a joint process: X and Z.Joint processing costs for this production cycle are $8,000.
 If X and Z are processed further,no disposal costs will be incurred or such costs will be borne by the buyer.
Refer to Ellis Company.Using net realizable value at split-off,what amount of joint processing cost is allocated to Product X (round to the nearest dollar)?

Quizplus · Accepted Answer

The Answer of Ellis Company Ellis Company produces two products from a joint process: X and Z.Joint processing costs for this production cycle are $8,000.
 If X and Z are processed further,no disposal costs will be incurred or such costs will be borne by the buyer.
Refer to Ellis Company.Using net realizable value at split-off,what amount of joint processing cost is allocated to Product X (round to the nearest dollar)?

Ellis Company Ellis Company Produces Two Products from a Joint