Exercise 22-22C Assigning joint product costs LO C3
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.40 per pound and the flakes for $15.90 per pound. On average, 100 pounds of lobster are processed into 56 pounds of tails and 24 pounds of flakes, with 20 pounds of waste. Assume that the company purchased 3,600 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,100. No materials or labor costs are assigned to the waste. If 1,874 pounds of tails and 775 pounds of flakes are sold, calculate the allocated cost of the sold items and the allocated cost of the ending inventory. The company allocates joint costs on a value basis. (Round your answers to nearest whole number. Round cost per pound answers to 2 decimal places.)
Homework Answers
Add Answer to:
Exercise 22-22C Assigning joint product costs LO C3
Pirate Seafood Company purchases lobsters and processes them...
Exercise 22-22C Assigning joint product costs LO C3 Pirate Seafood Company purchases lobsters and processes them...
Exercise 22-22C Assigning joint product costs LO C3 Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.10 per pound and the flakes for $15.30 per pound. On average, 100 pounds of lobster are processed into 53 pounds of teails and 26 pounds of flakes, with 21 pounds of waste. Assume that the company purchased 3,700 pounds of lobster for $4 per pound and processed the lobsters with an additional labor...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes, It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes, It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.60 per pound and the flakes for $15.50 per pound. On average, 100 pounds of lobster are processed into 59 pounds of tails and 25 pounds of flakes, with 16 pounds of waste. Assume that the company purchased 3,800 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $5,100. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 24 pounds of flakes, with 24 pounds of waste. Assume that the company purchased 3,400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,200. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.70 per pound. On average, 100 pounds of lobster are processed into 56 pounds of tails and 25 pounds of flakes, with 19 pounds of waste. Assume that the company purchased 3,800 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,100. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.40 per pound and the flakes for $15.60 per pound. On average, 100 pounds of lobster are processed into 53 pounds of tails and 24 pounds of flakes with 23 pounds of waste. Assume that the company purchased 3,500 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into talls and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into talls and flakes. It sells the lobster tails for $20.40 per pound and the flakes for $15.50 per pound. On average, 100 pounds of lobster are processed into 54 pounds of tails and 28 pounds of flakes, with 18 pounds of waste. Assume that the company purchased 3,000 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $9,700. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.10 per pound and the flakes for $14.30 per pound. On average, 100 pounds of lobster are processed into 57 pounds of tails and 25 pounds of flakes, with 18 pounds of waste. Assume that the company purchased 3,300 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,600. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19....
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.40 per pound and the flakes for $15.40 per pound. On average, 100 pounds of lobster are processed into 59 pounds of tails and 28 pounds of flakes, with 13 pounds of waste. Assume that the company purchased 3,700 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,400. No materials or labor costs...
Exercise 22-22C Assigning joint product costs LO C3 Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.10 per pound and the flakes for $15.30 per pound. On average, 100 pounds of lobster are processed into 53 pounds of teails and 26 pounds of flakes, with 21 pounds of waste. Assume that the company purchased 3,700 pounds of lobster for $4 per pound and processed the lobsters with an additional labor...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes, It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 24 pounds of flakes, with 24 pounds of waste. Assume that the company purchased 3,400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,200. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.00 per pound and the flakes for $15.70 per pound. On average, 100 pounds of lobster are processed into 56 pounds of tails and 25 pounds of flakes, with 19 pounds of waste. Assume that the company purchased 3,800 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,100. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $20.40 per pound and the flakes for $15.60 per pound. On average, 100 pounds of lobster are processed into 53 pounds of tails and 24 pounds of flakes with 23 pounds of waste. Assume that the company purchased 3,500 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into talls and flakes. It sells the lobster tails for $20.40 per pound and the flakes for $15.50 per pound. On average, 100 pounds of lobster are processed into 54 pounds of tails and 28 pounds of flakes, with 18 pounds of waste. Assume that the company purchased 3,000 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $9,700. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $21 per pound and the flakes for $14 per pound. On average, 100 pounds of lobster are processed into 52 pounds of tails and 22 pounds of flakes, with 26 pounds of waste. Assume that the company purchased 2,400 pounds of lobster for $4.50 per pound and processed the lobsters with an additional labor cost of $1,800. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.10 per pound and the flakes for $14.30 per pound. On average, 100 pounds of lobster are processed into 57 pounds of tails and 25 pounds of flakes, with 18 pounds of waste. Assume that the company purchased 3,300 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,600. No materials or labor costs...
Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.40 per pound and the flakes for $15.40 per pound. On average, 100 pounds of lobster are processed into 59 pounds of tails and 28 pounds of flakes, with 13 pounds of waste. Assume that the company purchased 3,700 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,400. No materials or labor costs...
Most questions answered within 3 hours.
-
Explain in detail (not just enumerate) each of Koch’s
postulates to determine the etiology of a...
asked 1 minute from now -
You have just had a new set of tires put on your car, and now
the...
asked 1 minute ago -
Please answer ASAP 2) Choose a point at random from the unit
square [0, 1] ×...
asked 16 minutes ago -
Draw the Lewis structures and determine which of these
molecules has a central atom that unavoidably...
asked 16 minutes ago -
Do we typically carry antibodies against the RH antigen in our
blood plasma?
asked 19 minutes ago -
What are the differences between an antibiotic, a semisynthetic,
and a synthetic as types of antimicrobials?
asked 15 minutes ago -
One mole of oxygen gas is at a pressure of 5.90 atm and a
temperature of...
asked 22 minutes ago -
The primary side of a transformer has 935 turns and is connected
to 118 Volts A/C....
asked 21 minutes ago -
This must be done in Java and it must contain a public static
void (string []args)...
asked 24 minutes ago -
An economy has a Cobb–Douglas production function:
Y=Kα(LE)1−αY=Kα(LE)1−α
The economy has a capital share of 0.30,...
asked 39 minutes ago -
60.0 mL of a silver chlorate solution with a concentration of
0.654 M is mixed with...
asked 44 minutes ago -
Asked if he has any regrets about the way he's handled the
coronavirus crisis so far,...
asked 56 minutes ago