Why is it sometimes necessary to use an approximated rather than actual net realizable value at split-off

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Why is it sometimes necessary to use an approximated rather than actual net realizable value at split-off to allocate joint cost? How is this approximated value calculated?

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Cost Accounting Traditions And Innovations

ISBN: 9780538880473

3rd Edition

Authors: Jesse T. Barfield, Cecily A. Raiborn, Michael R. Kinney

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Question Posted: Jul 01, 2024 02:15 AM

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Why is it sometimes necessary to use an approximated rather than actual net realizable value at split-off

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Cost Accounting Traditions And Innovations

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