2. Wooten Corporation uses a joint process that costs $700,000 up to the splitoff point. This process
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2. Wooten Corporation uses a joint process that costs $700,000 up to the splitoff point. This process results in four main products and a byproduct that is sold at splitoff for $15,000. The byproduct is accounted for at the time of sale.
Calculate joint costs to be allocated to joint products.
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