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Exercise 7-31 Joint Products [LO 7-6] Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch
Exercise 7-31 Joint Products [LO 7-6] Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $205,000: Product Units Produced and Sold Total Separable Costs M N T 18,500 12,500 13,500 $19,400 18,200 4,400 After Split-Off Total Final Sales Value $245,000 225,000 42,000 Required: How much of the joint cost should be allocated to each joint product using the net realizable value method? (Do not round intermediate calculations. Enter your final answers in whole dollars.) Allocated Product Joint Cost M N T
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