Each day, Champion Chocolate Company processes several tons of raw cacao beans into powdered baking cocoa. The firm can then sell the cocoa as is, or it can process it further into solid baking chocolate. Based on this description, which of the following statements is accurate? The amount spent purchasing the raw cacao beans should be treated as a joint cost, while the amount spent packaging the powdered baking cocoa should not. The amount spent packaging the powdered baking cocoa should be considered a joint cost, while the amount spent packaging the solid baking chocolate should not. Both the amount spent processing the raw cacao beans into powdered baking cocoa and the amount spent packaging the powered cocoa should be considered joint costs. ONeither the amount spent purchasing the raw cacao beans nor the amount spent processing the powdered cocoa into solid baking chocolate should be considered a joint cost.

Each day, Champion Chocolate Company processes several tons of raw cacao beans into powdered baking cocoa. The firm can then selt the cocos as is, or it can process it further into solid baking chocotate. Basedon this description, Which of the following statements is accurate? The amount spent purchasing the raw cacao beans should be treated as a joint cost, while the amount spent packaging the powdered baking cocoashould not. The amount spent packaging the powdered baking cocon should be considered a joint cost, while the amount spent packaging the solid baking chocolate should not. Both the amount spent processinn the raw cacao beans into powdered baking cocoa and the amount spent packaging the powered cocos should be consider cil int costs. Neither the amount spent purchasing the row cacao beans nor the amount spent processing the powdered cocoa into solid baking chocolate should be considered a joint cost