Use the following information for the next 6 questions.
J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow:
-If J-M uses the physical output method to allocate joint costs and performs further processing after the split-off point, what is the gross profit for product S?
A) $1,800
B) $500
C) $400
D) $(900)

Question

Use the following information for the next 6 questions.
J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow: 
-If J-M uses the physical output method to allocate joint costs and performs further processing after the split-off point, what is the gross profit for product S?
A) $1,800 
B) $500 
C) $400 
D) $(900)

Quizplus · Accepted Answer

The Answer of Use the following information for the next 6 questions.
J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow: 
-If J-M uses the physical output method to allocate joint costs and performs further processing after the split-off point, what is the gross profit for product S?
A) $1,800 
B) $500 
C) $400 
D) $(900)

Use the Following Information for the Next 6 Questions