Stahl Inc. produces three separate products from a common process costing $ 100,

Question

Stahl Inc. produces three separate products from a common process costing $ 100,000 . 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.

Exercise 21-10 (Part Level Submission) Stahl Inc. produces three separate products from a common process costing $100,000. 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 at Split-Off Point 60,800 15,200 55,600 Cost to Process Further 100,900 30,400 150,400 Sales Value after Further Processing $190,500 Product 10 Product 12 Product 14 35,600 214,000 ? (a) Determine total net income if all products are sold at the split-off point. Net income

Explanation / Answer

(a) Net income = ($60,800 + $15,200 + $55,600) - $100,000

Net income = $131,600 - $100,000

Net income = $31,600

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