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Joint Cost Allocation using the Sales Value Method : A company produces three joint products, P, Q, and R, from a common production process. The
Joint Cost Allocation using the Sales Value Method: A company produces three joint products, P, Q, and R, from a common production process. The total joint production costs up to the split-off point are $300,000. The final sales values for products P, Q, and R are $150,000, $100,000, and $50,000, respectively. Allocate the joint production costs to each product using the sales value method.
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