Use the information below to answer the following question(s).Troy Company processes 15,000 litres of direct materials to produce two products, Product X and Product Y.Product X, a byproduct, sells for $4 per litre, and Product Y, the main product, sells for $50 per litre.The following information is for August:
The manufacturing costs totalled $95,000.
-How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger when production is completed?
A)$0
B)$1,500
C)$14,375
D)$16,000
E)$17,500

Question

Use the information below to answer the following question(s).Troy Company processes 15,000 litres of direct materials to produce two products, Product X and Product Y.Product X, a byproduct, sells for $4 per litre, and Product Y, the main product, sells for $50 per litre.The following information is for August:
  The manufacturing costs totalled $95,000.
-How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger when production is completed?
A)$0 
B)$1,500 
C)$14,375 
D)$16,000 
E)$17,500

Quizplus · Accepted Answer

The Answer of Use the information below to answer the following question(s).Troy Company processes 15,000 litres of direct materials to produce two products, Product X and Product Y.Product X, a byproduct, sells for $4 per litre, and Product Y, the main product, sells for $50 per litre.The following information is for August:
  The manufacturing costs totalled $95,000.
-How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger when production is completed?
A)$0 
B)$1,500 
C)$14,375 
D)$16,000 
E)$17,500

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