Charlotte Company produces two joint chemical products, product A and product B. Prior to the split-off point,
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Charlotte Company produces two joint chemical products, product A and product B. Prior to the split-off point, the company incurred $100,000 in joint costs. Production totaled 12,000 gallons for product A and 8,000 gallons for product B. Allocate joint costs to each product using the physical quantities method (gallons).
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