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I wanted to see if my work and answers were correct, thank you in advance for answering! Garrison Co. produces three products X,Y, and Z
I wanted to see if my work and answers were correct, thank you in advance for answering!
Garrison Co. produces three products X,Y, and Z from a joint process. Each product may be sold at the split-off point or processed further. Joint production costs for the year were $120,000. A) What would be the amount of joint costs allocated to each product under the Physical measure method and sales value at split-off method? B) If separable processing costs beyond the split-off point for are .50 per unit for product X, $1.50 per unit for product Y, and $0.75 per unit per product Z, what are the costs allocated to X,Y, and Z using the net realizable value methodStep by Step Solution
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