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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 M 320 lbs. 240 lbs. $

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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 M 320 lbs. 240 lbs. $ 9 /lb. $ 18 /lb. Compute the cost to be allocated to Product L for this period's $768 of Joint costs If the value basis is used. (Do not

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