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Joint Cost Allocation: Company ABC produces two products, A and B, from a joint process. The total joint cost is $50,000, and product A can

Joint Cost Allocation:

Company ABC produces two products, A and B, from a joint process. The total joint cost is $50,000, and product A can be sold for $30,000 while product B can be sold for $20,000. How much joint cost should be allocated to each product using the sales value at split-off method?

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