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ID: 2432454 • Letter: E

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eck my work mode: This shows whet is correct or incorrect for the work you have completed so fer. it does not indicete completio Retur The following information applies to the questions displayed below Georgia Orchards produced a good crop of peaches this year After preparing the following income statement, the company is concemed about the net loss on its No. 3 peaches Incone Statenent For Year Ended December 31, 2017 Sales (by grade) $458,000 No. 1: 300,000 Ibs.$1.5e/lb No. 2: 309,800 Ibs.51.6e/ib No. 3: 75e,e00 Ibs. $0-2s/1b Total sales $3e0,000 5 187,se $937,50 90,000 90,008 225,e0e 405,0e 45,800 45,009 112, Tree.prvning and care @ se.???? Picking, sorting, and greding se.15/b Dellvery costs Total costs 202. Net income (loss) 300,000 $158,000 (187,500) $262,see In preparing this statement, the company allocated joint costs among the grades on a physical basis as an equal amount per pound. The company's delivery cost records show that $30,000 of the $67.500 relates to crating the No. 1 and No. 2 costs is for crating the No. 3 peaches and hauling them to the cannery 677 Next> earch

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Tree pruning and care Grade Allocation base Percent of allocation base Indirect cost Allocated cost Nos Sales value Numerator Denominator % of total No1 450000 450000 937500 48 405000 194400 No2 300000 300000 937500 32 405000 129600 No3 187500 187500 937500 20 405000 81000 Totals 937500 937500 937500