Trundle Ltd.produces two main products,J and K;and,a byproduct,L.There were no beginning inventories.During April,it incurred $275,000 of joint costs,which are allocated to main products using the physical output method.Additional information follows:

Required:
Assuming Trundle recognizes byproduct revenue at the time of sale,what is the total value of ending inventory?

Question

Trundle Ltd.produces two main products,J and K;and,a byproduct,L.There were no beginning inventories.During April,it incurred $275,000 of joint costs,which are allocated to main products using the physical output method.Additional information follows:
  
Required:
Assuming Trundle recognizes byproduct revenue at the time of sale,what is the total value of ending inventory?

Quizplus · Accepted Answer

The Answer of Trundle Ltd.produces two main products,J and K;and,a byproduct,L.There were no beginning inventories.During April,it incurred $275,000 of joint costs,which are allocated to main products using the physical output method.Additional information follows:
  
Required:
Assuming Trundle recognizes byproduct revenue at the time of sale,what is the total value of ending inventory?