The following information pertains to a by-product called Moy:
|
Sales in 2005 |
5,000 units |
|
Selling price per unit |
$6 |
|
Selling costs per unit |
2 |
|
Processing costs |
0 |
Inventory of Moy was recorded at net realizable value when produced in 2004. No units of Moy were produced in 2005. What amount should be recognized as profit on Moy’s 2005 sales?
- $0
- $10,000
- $20,000
- $30,000