Stahl Inc. produces three separate products from a common process costing $100,433. 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 |
|
Cost to
Process Further |
|
Sales Value after
Further Processing |
|
| Product 10 |
|
|
$60,589 |
|
|
|
$100,744 |
|
|
|
$190,351 |
|
|
| Product 12 |
|
|
15,156 |
|
|
|
29,536 |
|
|
|
34,058 |
|
|
| Product 14 |
|
|
55,901 |
|
|
|
149,816 |
|
|
|
215,027 |
|
|
Determine total net income if all products are sold at the split-off point.
| Net income |
|
$ |
|