Use the Following Information for the Next 4 Questions

question 57

Multiple Choice

Use the following information for the next 4 questions.
(CPA) Johnson Manufacturing Company buys Fluron for $0.80 per gallon. At the end of processing in Department 1, Fluron splits off into products Alphon, Cryon, and Runon. Alphon is sold at the split-off point, with no further processing. Cryon and Runon require further processing before they can be sold; Cryon is processed in Department 2 and Runon is processed in Department 3. Following is a summary of costs and other related data for the year ended June 30, 20x5. There were no inventories on hand at July 1, 20x4, and there was no Fluron on hand at June 30, 20x5. All gallons on hand at June 30, 20x5 were complete as to processing. Johnson uses the net realizable value method of allocating joint costs.
-For allocating joint costs, the net realizable value of Alphon for the year ended June 30, 20x5 would be

• A) $30,000
• B) $45,000
• C) $21,000
• D) $6,000

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Definitions:

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.

Replication

The process of repeating a research study or experiment to verify its results.

Gender Differences

Variations in characteristics, behaviors, and roles traditionally associated with being male or female in a given society.

Sexual Activity

Any activity that involves sexual contact or stimulation.