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 production, what is the total value of ending inventory?
Definitions:
Market Risk Premium
The supplementary income an investor aims to gain by investing in a market portfolio with risk rather than in secure, risk-free assets.
Beta
A measure of a stock's volatility in relation to the overall market, indicating how much a stock’s price might fluctuate.
Dividend Growth Rate
The dividend growth rate is the annualized percentage rate of growth that a particular stock's dividend undergoes over a period of time.
Annual Dividend
The total amount of dividend payments made to shareholders in a year, reflecting the company’s profitability and its distribution policy.
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