Use the Information Below to Answer the Following Question(s)

question 80

Multiple Choice

Use the information below to answer the following question(s) .Troy Company processes 15,000 litres of direct materials to produce two products, Product X and Product Y.Product X, a byproduct, sells for $4 per litre, and Product Y, the main product, sells for $50 per litre.The following information is for August:
The manufacturing costs totalled $95,000.
-How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger when production is completed?

• A)$0
• B)$1,500
• C)$14,375
• D)$16,000
• E)$17,500

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Definitions:

Negative Reinforcer

An unfavorable event or outcome that, when removed after a behavior, increases the frequency of that behavior in the future.

Stockbroker

A professional who executes buy and sell orders for stocks and other securities on behalf of clients in exchange for a fee or commission.

Stress Level

This refers to the intensity of stress which is the physiological and psychological strain or tension a person feels in response to life's demands.

Primary Reinforcer

A stimulus that is inherently rewarding and satisfies a biological need, leading to an increase in the behavior that preceded it.