Products X,Y,and Z Are Produced from the Same Process at a Cost

question 102

Multiple Choice

Products X,Y,and Z are produced from the same process at a cost of $5,200.Five thousand pounds of raw material yields 1,500 X,2,500 Y,and 1,000 Z.Selling prices are: X $2 per unit,Y $4 per unit,Z valueless.The ending inventory of X is 50 units.What is the value of the ending inventory if joint costs are allocated using net realizable value?

• A) $21.67.
• B) $31.20.
• C) $40.00.
• D) $42.00.

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Definitions:

Stem Cells

Undifferentiated cells that have the potential to develop into different cell types, used in medical research and treatment.

Differentiate

To recognize or ascertain what makes someone or something distinct or different compared to others.

Cellular Signaling

The complex system of communication that governs basic cellular activities and coordinates cell actions, crucial for the body's functioning and response to the environment.

Differentiation

Involves the process of becoming distinct or specialized in structure or function, often used in the context of cells in biology or elements within a system.