EXERCISE 19-1 Allocate joint costs on the basis of physical units. (Obj. 1). As a result of
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EXERCISE 19-1 Allocate joint costs on the basis of physical units. (Obj. 1). As a result of the manufacturing process, the Extraction Department of the Big Sky Company produces two joint products. During March 19X9, the total manufacturing costs of the goods transferred out of the department were $59,920. A total of 12,000 pounds of Ethno, with a sales value of $6 per pound, and 7,000 pounds of Methno, with a sales value of $9 per pound, were produced. Determine the cost per pound of each product if physical units are used as the basis for allocating joint costs. LO.1
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Cost Accounting Principles And Applications
ISBN: 9780028034287
6th Edition
Authors: Horace R. Brock, Linda Herrington
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