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Trundle Ltd

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Trundle Ltd. produces 2 main products, J and K, and a by-product, L. There were no beginning inventories. During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows:
Trundle Ltd. produces 2 main products, J and K, and a by-product, L. There were no beginning inventories. During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows:    Required: Assuming Trundle recognizes byproduct revenue at the time of sale, what is the total value of ending inventory? Required:
Assuming Trundle recognizes byproduct revenue at the time of sale, what is the total value of ending inventory?


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