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J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow:
J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow: If J-M uses the physical output method to allocate joint costs and performs further processing after the split-off point, what is the gross profit for product S ? Note: the sales values above are based on units produced. $1,800$500$400$(900)
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