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LM Company produces three products (A, B, and C) in a joint process. Information related to these three products for the most recent year is
LM Company produces three products (A, B, and C) in a joint process. Information related to these three products for the most recent year is given below: A ? B $24,000 C ? Total $60,000 Allocated joint costs Sales value from further processing Additional processing costs .. $90,000 $85,000 $125,000 ? ? $ 71,000 $300,000 $120,000 LM Company uses the net realizable value method to allocate joint costs to products. Calculate the amount of additional processing costs for Product A
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