Question

А 1 Chapter 11: Applying Excel 3 Data 5 6 $ $ 183,000 40,000 8 9 $ $ $ 113,000 144,000 78,000 10 11 Exhibit 11-7 Santa Maria Wool Cooperative Cost of wool Cost of separation process Sales value of intermediate products at split-off point: Undyed coarse wool Undyed fine wool Undyed superfine wool Costs of further processing (dyeing) intermediate products: Undyed coarse wool Undyed fine wool Undyed superfine wool Sales value of end products: Dyed coarse wool Dyed fine wool Dyed superfine wool | 12 $ 50,000 60,000 10,000 13 14 15 16 17 18 $ $ $ 151,000 215,000 93,000
Please answer c-2

Answer 1

Particulars	Amount
Revenue:-
Amount received from sale of undyed coarse wool at split off point	1,13,000
Amount received from sale of dyed fine wool after further process	2,15,000
Amount received from sale of dyed superfine wool after further process	93,000
Total (A)	4,21,000
Less: costs
Joint cost	2,23,000
Cost of further process of undyed fine wool	60,000
Cost of further process of undyed superfine wool	10,000
Total (B)	2,93,000
Net Income	1,28,000