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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 L M 228 lbs. 171 lbs.

Data pertaining to a company's joint production for the current period follows: Quantities produced Market value at split-off point L M 228 lbs. 171 lbs. $ 10 /lb. $ 20 /lb. Compute the cost to be allocated to Product M for this period's $1,000 of joint costs if the value basis is used. Multiple Choice $400. (0) $600. $500

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