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

question 126

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 reduction for the byproduct if byproducts are recognized in the general ledger at the point of sale?

• A)$0
• B)$563
• C)$1,500
• D)$16,000
• E)$17,500

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Definitions:

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