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( Click the icon to view the overview diagram. ) Sesnie Oil & Gas is how to allocate the joint cost of producing the three
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Sesnie Oil & Gas is how to allocate the joint cost of producing the three separate saleable outputs. Assume no beginning or ending inventory.
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b Allocate the August joint cost among the three products using the NRV method. Round the weightings to five decimal places and joint costs to the nearest cent.
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