Joint product costing A company makes bulk modeling clay which it sells to schools and craft shops
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Joint product costing A company makes bulk modeling clay which it sells to schools and craft shops in 5 pound packages. The clay is manufactured in a joint production process that yields various grades of clay. Total joint costs are $140,000' The cheaper grades of clay are used for modeling but cannot be baked. The more expensive grades of clay are used for pottery and other fired products. The special features of each grade of clay result from the processing that occurs after the point of split-off. Below are production data for a production run of clay just completed.
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