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14.Garfield Company processes copper ore into two products, C and U. The ore costs $5 per pound and conversion costs are $15 per pound. Garfield
14.Garfield Company processes copper ore into two products, C and U. The ore costs $5 per pound and conversion costs are $15 per pound. Garfield Company plans to produce 40,000 pounds of C and 20,000 pounds of U from 60,000 pounds of ore. C sells for $30 per pound and U sells for $40 per pound. Assuming the physical-units method of allocating joint costs, the amount of joint costs to product C would be:
Select one:
a. $800,000.
b. $600,000.
c. $0.
d. $200,000.
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