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Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Joint Cost Cereal Quantity at Split-Off Point
Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows: Joint Cost Cereal Quantity at Split-Off Point Sales Price per Kilogram $ 90,000 Yummies 12,000 kilograms $ 6.00 Crummies 8,000 kilograms 7.50 Required: Use the relative-sales-value method to allocate the companys joint production cost between Yummies and Crummies. (Round your calculation of relative proportions to 3 decimal places.)
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