GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 260,000 units of tips having a sales value at the split-off point of $66,000. It produced 260,000 units of stems having a sales value at split-off of $44,000. Using the net realizable value method, the portion of the total joint product costs allocated to tips was $52,500. Required: Compute the total joint product costs before allocation. (Do not round intermediate calculations.)

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.