artinez Inc produces three separate products from a common p

artinez Inc. produces three separate products from a common process costing $100,600. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period Sales Value Cost to Proces5 Further $100,700 29,700 149,400 Sales Value after Further Processing $190,900 35,700 214,200 at Split-off Point Product 10 Product 12 Product 14 $60,600 15,800 55,100 Determine total net income if all products are sold at the split-off point. Net income Attempts: 0 of 1 used SAVE FOR LATER SUBNET ANSWER The parts of this question must be completed in order. This part will be available when you complete the part abows The parts of this question must be compieted in order. This part wil be available when you compiecte the cart adowe The parts of this question must be completed in order. This part will be available when you compvete the part above aliabie when vou comaierte the bar abhve

Solution

CALCULATION OF THE NET INCOME IF ALL GOODS ARE SOLD AT SPLIT - OFF POINT Sales Value at Split -off point Revenue: Prosuct 10 $                                  60,600 Prosuct 12 $                                  15,800 Prosuct 14 $                                  55,100 Total Revenue $                              1,31,500 Less: Common Process Costing $                              1,00,600 Net Income $                                  30,900 Answer = Net Income = $                                  30,900