Bismite Corporation Purchases Trees from Cheney Lumber and Processes Them

question 71

Multiple Choice

Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from the process. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October:

The cost of purchasing 310 trees and processing them up to the split-off point to yield 190,000 sheets of paper and 190,000 pencil casings is $13,500.
Bismite's accounting department reported no beginning inventory.
If the sales value at split-off method is used, what are the approximate joint costs assigned to ending inventory for paper? (Round intermediary percentages to the nearest hundredth.)

• A) $355.29
• B) $29.61
• C) $497.34
• D) $379.24

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Definitions:

Deceiving Expressions

Facial expressions that are intentionally misleading, often used to disguise true emotions or intentions.

Fearful Expressions

Facial expressions that convey fear, often characterized by widened eyes, raised eyebrows, and a tensed mouth, serving as non-verbal communication of emotion.

Angry Expressions

Are facial and body signals that convey feelings of anger, which can be a response to perceived threats or injustices and serve communicative and adaptive functions in social interactions.

Sad Expressions

Facial or bodily expressions indicating sadness, a basic human emotion characterized by feelings of disappointment, loss, or helplessness.