## Solution for Cost Accounting: Foundations and Evolutions 8th Edition Chapter 11, Problem 16

by Michael R. Kinney, Cecily A. Raiborn
358 Solutions 19 Chapters 53444 Studied ISBN: 9781439044612 5 (1)

# Chapter 11, Problem Exercise 16 : Exercise 11-16   ...

 Exercise 11-16 Insert your answers in the gray-shaded cells of columns B, C, and E. Enter formulas where appropriate. If an answer is incorrect, the word "wrong" will appear. a. Units of output allocation: Total bottles 80,000 Perfume \$     2,70,000 Eau de Toilet 4,32,000 Body Splash 3,78,000 Total Weight-based allocation: Total weight (ounces) 1,68,000 Perfume \$     1,28,571 Eau de Toilet 4,11,429 Body Splash 5,40,000 Total Approximated net realizable value computation: Amount Percent Perfume \$  2,80,000 30% Eau de Toilet 3,68,000 40% Body Splash 2,80,000 30% Total Approximated net realizable value allocation: Perfume \$     3,24,000 Eau de Toilet 4,32,000 Body Splash 3,24,000 Total b. Cost assigned to inventory Perfume \$     3,20,000 Eau de Toilet 4,80,000 Body Splash 4,34,000 Total Ending inventory valuation based on bottles of output: Perfume \$          9,600 Eau de Toilet 24,000 Body Splash 26,040 Total Inventory valuation based on weight: Perfume \$          5,388 Eau de Toilet 22,912 Body Splash 35,784 Total Inventory valuation based on approximated net realizable value: Perfume \$        11,220 Eau de Toilet 24,000 Body Splash 22,781 Total c.

## Step-By-Step Solution

#### Chapter 11, Problem Exercise 16

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