The total value of ending inventory at the end of the quarter is:a. 1,140,000b. 750,000c. 721,500d. 788,500 The JYD Company processes apples into pies, spread, and dressing. During the second quarter of 2021, thejoint cost of processing the apples was P750,000. There were no beginning inventories for the quarter.Production and sales value information for the quarter were as follows: Assume the use of the estimated netrealizable value method.Products Units Produced SV@ split-off Separable costs Final Selling PriceEnding UnitsPies20,000P12/unitP20/unitP35/unit7,000Spread 50,00015/unit10/unit28/unit24,000Dressing 25,0009/unit8/unit20/unit10,000

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Description: The total value of ending inventory at the end of the quarter is:a. 1,140,000b. 750,000c. 721,500d. 788,500 The JYD Company processes apples into pies, spread, and dressing. During the second quarter of 2021, thejoint cost of processing the apples wa

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Business

Accounting

The total value of ending inventory at the end of the quarter is: a. 1,140,000 b. 750,000 c. 721,500 d. 788,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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