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A company produced 400 units of Product L and 200 units of Product M duting the curtent period and incurred joint costs of $780. Product

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A company produced 400 units of Product L and 200 units of Product M duting the curtent period and incurred joint costs of $780. 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 period's joint costs if the value basis is used. (Do not round intermediate calculations.) $390. $3.364 $850 $640

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