Problem

Joint and By-Product Costing (Appendix) Webster Company produces 25,000 units of pro...

Joint and By-Product Costing (Appendix) Webster Company produces 25,000 units of product A, 20,000 units of product B, and 10,000 units of product C from the same manufacturing process at a cost of $340,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $30 for A, $25 for B, and $1 for C. None of the products require separable processing. Of the units produced, Webster Company sells 18,000 units of A, 19,000 units of B, and 10,000 units of C. The firm uses the net realizable value method to allocate joint costs and by-product costs. Assume no beginning inventory.

Required

1. What is the value of the ending inventory of product A?

2. What is the value of the ending inventory of product B?

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