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A company produced 320 units of Product L and 160 units of Product M during the current period and incurred joint costs of $756. Product
A company produced 320 units of Product L and 160 units of Product M during the current period and incurred joint costs of $756. Product L sells for $8 per unit and Product M sells for $16 per unit. Compute the cost to be allocated to Product L for this period's joint costs if the value basis is used. (Do not round intermediate calculations.) O O Multiple Choice $378. $2.324 $224. $826 5628
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