BAB 16 v2

Net realizable value method
Stenback Company is one of the world’s leading corn refiners

It produces two joint products—corn syrup and corn starch—using a common production process
In July 2017, Stenback reported the following production and selling-price information:
Corn Syrup Corn Starch Joint Cost

Join cost $ 329,000
Separable Cost $ 406,340 $ 97,060
Beginning Inventory $ - $ -
Production & Sales 13,000 5,900
Ending Inventory $ - $ -
Selling Price $ 51 $ 26
Allocate the $329,000 joint costs using the NRV method

on production process
SOAL 1
Panel A Corn Syrup
Total sales value $ 663,000
Deduct Separable Cost $ 406,340
NRV at Split point $ 256,660
Weighting NRV (313/256 ; 313/56) 82%
Allocating Join cost to Weighting $ 269,780
Production cost per unit $ 52.0

SOAL 2 Join cost unit + Separable cost unit / Unit produced
SOAL 3 Panel B Corn Syrup 80%

Revenues (unit sold x Selling price) $ 530,400
COGS :
Join cost $ 269,780
Separable cost $ 406,340
Production cost $ 676,120
Deduct Ending Inventory $ 135,224
Cost of Goods Sold $ 540,896
SOAL 4 Gross Margin $ -10,496
Gross Margin -2.0%
Corn Syrup 80%

Unit Production 13,000
Unit Sold 10,400
Ending Inventory 2,600
Corn Starch Total
$ 153,400
$ 97,060
$ 56,340 $ 313,000
18%
$ 59,220 $ 329,000
$ 26.5
Corn Starch 90% Total

$ 138,060
$ 59,220
$ 97,060
$ 156,280
$ 15,628
$ 140,652
$ -2,592
-1.9%
Corn Starch 90%

5,900
5,310
590
Accounting for a main product and a byproduct
(Cheatham and Green, adapted) Tasty, Inc., is a producer of potato chips.

A single production process at Tasty, Inc., yields potato chips as the main product and a byproduct that can
Both products are fully processed by the splitoff point, and there are no separable costs
For September 2017, the cost of operations is $500,000. Production and sales data are as follows
Production (In Pounds) Sales (In Pounds)

Main Product
Potato Chips 52,000 42,640
ByProduct 8,500 6,500
*There is no Beginning Inventories
1 What is the gross margin for Tasty, Inc., under the production method and the sales method of byproduct ac
2 What are the inventory costs reported in the balance sheet on September 30, 2017,
for the main product and byproduct under the two methods of byproduct accounting in requirement 1?
Apabila terdapat by product, maka perusahaan pilih, mau laporkan pendapatan dari by product menggunakan met
1. production method >> dimana biaya produksi by product (unit produksi*harga jual) akan mengurangi biaya prod
SEHINGGA biaya produksi per unit main product lebih MURAH.
2. sales method >> dimana pendapatan dari by product me+ pendapatan main product.
main product and a byproduct that can also be sold as a snack
no separable costs
and sales data are as follows
Selling Price per Pounds
$ 16
$ 10
od and the sales method of byproduct accounting?
r 30, 2017,
t accounting in requirement 1?
apatan dari by product menggunakan metode apa? Ada 2:
si*harga jual) akan mengurangi biaya produksi total,
main product.
SOAL 2
Inventory yang dilaporkan pada akhir bulan
PRODUCTION METHOD,
Potato Chips 9,360 Pounds
Byproduct 2,000 Pounds
Total Ending inventory 11,360 Pounds
SALES METHOD,
Potato Chips 9,360 Pounds
Byproduct 0 Pounds
Total Ending inventory 9,360 Pounds
SOAL 1
PRODUCTION METHOD SALES METHOD
MENCARI COGS MENCARI COGS
Production cost 500,000 Production cost
Less : Sales Value of Byproduct -65,000
Unit sold byproduct x Selling price
TOTAL Cost of Goods Sold $ 435,000 TOTAL Cost of Goods Sold
Revenue of Main product $ 682,240 Revenue of Main product

Unit sold Main x Selling price Unit sold Main x Selling price
Cost of Goods Sold $ 435,000 Cost of Goods Sold
Gross Margin $ 247,240 Gross Margin
Gross Margin Rate 36%
Other Revenue - Byproduct
Total profit
Production method
Sales Value of Byproduct mengurangi COGS
Sales Method
Sales of Byproduct akan menambah total Revenue
Dan pendapatan dari penjualan Byproduct

akan dianggap sebagai Other Revenue
(Pendapatan diluar usaha)
Karena Byproduct tidak dianggap inventory

Maka COGS dari main product akan terlihat lebih besar
dan juga akan ada tambahan Other revenue

dari penjualan byproduct
CONTOH JURNAL
JURNAL
PRODUCTION METHOD
Tgl produksi Potato chips - Inventory

500,000 Byproduct - Inventory
Work-In-Process
$ 500,000 tgl jual Account Receivables

Main product Sales Revenue
Cost of Goods Sold
$ 682,240 Potato chips - Inventory
$ 500,000
$ 182,240 27% tgl jual Account receivables
Main product Byproduct - Inventory
$ 65,000
$ 247,240
ini maksud production method
bahwa sales value dari byproduct akan mengurangi
total COGS dari main product itu
menambah total Revenue
dan di production method, Byproduct dianggap
ualan Byproduct sebagai inventory saat produksi
her Revenue
anggap inventory
duct akan terlihat lebih besar
han Other revenue

JURNAL
PRODUCTION METHOD
$ 780,000 Tgl produksi Potato chips - Inventory $ 800,000

$ 20,000 Work-In-Process
$ 800,000
tgl jual Account Receivables $ 850,000
$ 850,000 Main product Sales Revenue
$ 850,000 Cost of Goods Sold $ 800,000
$ 780,000 Potato chips - Inventory
$ 780,000
tgl jual Account receivables $ 20,000

$ 20,000 Main product Other Revenue - Byproduct
$ 20,000
sementara di Sales method, Byproduct hanya ada saat

yproduct akan mengurangi tanggal jual, dan dicatat sebagai Other Revenue
od, Byproduct dianggap

$ 800,000
$ 850,000
$ 800,000
$ 20,000

BAB 16 v2

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Net realizable value method

Stenback Company is one of the world’s leading corn refiners

Corn Syrup Corn Starch Joint Cost

Allocate the $329,000 joint costs using the NRV method

Weighting NRV (313/256 ; 313/56) 82%

Allocating Join cost to Weighting $ 269,780

Production cost per unit $ 52.0

SOAL 3 Panel B Corn Syrup 80%

Corn Syrup 80%

Corn Starch 90% Total

Corn Starch 90%

(Cheatham and Green, adapted) Tasty, Inc., is a producer of potato chips.

Production (In Pounds) Sales (In Pounds)

*There is no Beginning Inventories

Selling Price per Pounds

od and the sales method of byproduct accounting?

apatan dari by product menggunakan metode apa? Ada 2:

si*harga jual) akan mengurangi biaya produksi total,

Revenue of Main product $ 682,240 Revenue of Main product

Dan pendapatan dari penjualan Byproduct

Karena Byproduct tidak dianggap inventory

dan juga akan ada tambahan Other revenue

Tgl produksi Potato chips - Inventory

$ 500,000 tgl jual Account Receivables

han Other revenue

$ 780,000 Tgl produksi Potato chips - Inventory $ 800,000

tgl jual Account receivables $ 20,000

sementara di Sales method, Byproduct hanya ada saat

od, Byproduct dianggap

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