Ilang Ilang Company manufactures Product A and B from a joint process which yield a by-product. Ilang Ilang accounts for the revenue from its by-product sales as deduction from the cost of goods sold of its main products. Additional information follows: A B C Total Unit produced 15000 9000 6000 30000 Joint Costs 264000 Sales Value at Split off 290000 150000 10000 450000

Ilang Ilang Company manufactures Product A and B from a joint process which yield a by-product. Ilang Ilang accounts for the revenue from its by-product sales as deduction from the cost of goods sold of its main products. Additional information follows: A B C Total Unit produced 15000 9000 6000 30000 Joint Costs 264000 Sales Value at Split off 290000 150000 10000 450000

Name: Ilang Ilang Company manufactures Product A and B from a joint process
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Description: Ilang Ilang Company manufactures Product A and B from a joint process which yield a by-product.Ilang Ilang accounts for the revenue from its by-product sales as deduction from the cost of goods sold of its main products.Additional information follows

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

Problem 13P: Venezuela Oil Inc. transports crude oil to its refinery where it is processed into main products...

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