Use the following information for the next 2 questions.
Heston, Inc. produces 2 main products and a by-product. During the current month it had no beginning inventories. During the current month it incurred $185,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows:
-If Heston subtracts the NRV of by-product sales from joint costs at the time of by-product production, what is the total cost of goods sold for the current month?
A) $123,200
B) $52,800
C) $122,500
D) $52,500

Question

Use the following information for the next 2 questions.
Heston, Inc. produces 2 main products and a by-product. During the current month it had no beginning inventories. During the current month it incurred $185,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows: 
-If Heston subtracts the NRV of by-product sales from joint costs at the time of by-product production, what is the total cost of goods sold for the current month?
A) $123,200 
B) $52,800 
C) $122,500 
D) $52,500

Quizplus · Accepted Answer

The Answer of Use the following information for the next 2 questions.
Heston, Inc. produces 2 main products and a by-product. During the current month it had no beginning inventories. During the current month it incurred $185,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows: 
-If Heston subtracts the NRV of by-product sales from joint costs at the time of by-product production, what is the total cost of goods sold for the current month?
A) $123,200 
B) $52,800 
C) $122,500 
D) $52,500

Use the Following Information for the Next 2 Questions