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A company produced 300 units of Product L and 150 units of Product M during the current period and incurred joint costs of $672. Product
A company produced 300 units of Product L and 150 units of Product M during the current period and incurred joint costs of $672. Product L sells for $9 per unit and Product M sells for $18 per unit. Compute the cost to be allocated to Product L for this periods joint costs if the value basis is used
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