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Joint products A and B are produced in a single operation from Material M. Three hundred gallons of Material M, costing $450, produced 200 gallons
Joint products A and B are produced in a single operation from Material M. Three hundred gallons of Material M, costing $450, produced 200 gallons of Product A, selling for $2 per gallon, and 100 gallons of Product B, selling for $6 per gallon. The portion of the $450 cost that should be allocated to Product A using the value basis of allocation is:
$0 | |
$180 | |
$225 | |
$300 | |
$425 |
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