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Assume that your company operates a joint-production process that generates three main products and one by-product. If you allocate joint costs only for financial reporting,

Assume that your company operates a joint-production process that generates three main

products and one by-product. If you allocate joint costs only for financial reporting, would

you ever care whether you use the net realizable value or the physical-measures method?

Explain. (10 marks)

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