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

question 185

Multiple Choice

Use the information below to answer the following question(s) .Raynor Manufacturing purchases trees from Tree Nursery and processes them up to the splitoff point, where two products (paper and pencil casings) are obtained.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.Trees processed:
50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap)
Cost of purchasing 50 trees and processing them up to the splitoff point to yield 30,000 sheets of paper and 30,000 pencil casings is $1,500.Raynor Manufacturing's accounting department reported no beginning inventories; however, ending inventory amounts reflected 1,000 sheets of paper in stock.
-What are the approximate joint costs assigned to the paper ending inventory if joint costs are allocated using the sales value at splitoff method?

• A)$14.29
• B)$50.00
• C)$428.55
• D)$435.00
• E)$750.00

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Evolutionary Roots

The origin or development of a trait, behavior, or species as explained by the principles of evolution.

Warfare

The engagement in or the activities involved in war or conflict.

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Persistent stress factors that place a continuous demand on an individual, leading to long-term stress and potential health consequences.

Evolutionary Past

Refers to the processes and events through which organisms have undergone changes over generations before arriving at their current form.