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Exercise 11-51 (Algo) Estimated Net Realizable Value Method (LO 11-3) Forest Products, Incorporated, manufactures three products (FP-10, FP-20, and FP-40) from a single, joint input.
Exercise 11-51 (Algo) Estimated Net Realizable Value Method (LO 11-3) Forest Products, Incorporated, manufactures three products (FP-10, FP-20, and FP-40) from a single, joint input. None of the products can be sold without further processing. In November, joint product costs were $241,600. Additional information follows: Required: Forest Products uses the estimated net realizable value method to allocate joint costs. What joint costs would be allocated to each of the three products in November? Note: Do not round intermediate calculations, Round your final answers to the nearest whole dollar amounts. Exercise 11-51 (Algo) Estimated Net Realizable Value Method (LO 11-3) Forest Products, Incorporated, manufactures three products (FP-10, FP-20, and FP-40) from a single, joint input. None of the products can be sold without further processing. In November, joint product costs were $241,600. Additional information follows: Required: Forest Products uses the estimated net realizable value method to allocate joint costs. What joint costs would be allocated to each of the three products in November? Note: Do not round intermediate calculations, Round your final answers to the nearest whole dollar amounts
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