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Data pertaining to a company's joint production for the current period follows: Quantities produced Market value at split-off point 280 lbs. 196 lbs. 7/1b. 15

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Data pertaining to a company's joint production for the current period follows: Quantities produced Market value at split-off point 280 lbs. 196 lbs. 7/1b. 15 /1b. Compute the cost to be allocated to Product M for this period's $840 of joint costs if the value basis is used. Multiple Choice $336. $504. $420. $1,687

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