Ellis Company Ellis Company Produces Two Products from a Joint

question 61

Multiple Choice

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 approximated net realizable value at split-off,what amount of joint processing cost is allocated to Product Z (round to the nearest dollar) ?

• A)$2,796
• B)$4,910
• C)$4,000
• D)$2,390

---

Definitions:

Prospective memory

The component of memory tasked with the responsibility of recalling a predetermined intention or performing a planned action at a future date.

Implicit memory

Unconscious memory uses past experiences to remember things without thinking about them.

Autobiographical memory

The aspect of memory that involves the recollection of personal experiences and events in one's life.

Explicit memory

A type of long-term memory that involves conscious recollection of specific facts and events that can be verbally stated.