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

question 73

Multiple Choice

Use the information below to answer the following question(s) .Cranbrook Chemical Ltd.manufactures two industrial compounds.In the month of May, 15,000 litres of direct material costing $160,000 were processed at a cost of $400,000.The joint process yielded 16,000 containers of a compound known as Jarlon and 4,000 containers of a compound known as Kharton.The respective selling prices of Jarlon and Kharton are $38 and $58.Both products may be processed further.Jarlon may be processed into Jaxton at an incremental cost of $8 per jar of the final product while Kharton may be processed into Kraxton at an additional cost of $32 per jar of the final product.The volume of jars of the final product are: 12,000 and 3,000 for Jaxton and Kraxton respectively.The selling price of Jaxton is $48 per jar.The selling price of Kraxton is $102 per jar.
-Assuming Cranbrook uses the sales value at splitoff method and 2,000 containers of Jarlon and 75 containers of Kharton are unsold at the end of the period, Cranbrook would report ending inventory of

• A)$38,272.
• B)$56,598.
• C)$53,560.
• D)$79,240.
• E)$58,100.

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Definitions:

Family

A social unit or group of people related by blood (consanguinity), marriage (affinity), or adoption, bound by shared values, traditions, culture, and love, often living together and supporting one another.

Community

A group of people living in the same place or having a particular characteristic in common, or a feeling of fellowship with others.

Culture

The shared values, beliefs, norms, customs, arts, history, folklore, and institutions of a group of people that are transmitted from one generation to another.

Information Processing Perspective

A theory in psychology that likens the human mind to a computer, focusing on how information is taken in, used, and stored.