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Laredo manufactures Nuts and Bolts from a joint process (cost = $81,000). 6,000 pounds of Nuts can be sold at split-off for $20 per pound
Laredo manufactures Nuts and Bolts from a joint process (cost = $81,000). 6,000 pounds of Nuts can be sold at split-off for $20 per pound 12,000 pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Laredo allocates joint costs using the relative sales value method. The amount of joint cost allocated to Bolts would be: Group of answer choices $32,400. $48,600. $81,000. $40,500. $79,500.
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