Use the Following Information for the Next 2 Questions

question 48

Multiple Choice

Use the following information for the next 2 questions.
Heston, Inc. produces 2 main products and a by-product. During the current month it had no beginning inventories. During the current month it incurred $185,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows:
-If Heston subtracts the NRV of by-product sales from joint costs at the time of by-product production, what is the total cost of goods sold for the current month?

• A) $123,200
• B) $52,800
• C) $122,500
• D) $52,500

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Definitions:

Absolute Refractory Period

A period immediately following an action potential during which a neuron is incapable of generating another action potential, no matter the stimulus strength.

Stimulation

The act of applying a stimulus to generate a response in an organ or tissue.

Plasma Membrane

A semi-permeable membrane found in cells that separates the interior of the cell from its external environment and regulates the movement of substances in and out of the cell.

Depolarization

The reduction of a cell's membrane potential, making it more positive, and initiating action potentials.