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Nash's woodworking business produces two products from its joint process: one main product (sanded and finished trim pieces) and one by-product (sawdust/shavings). The joint
Nash's woodworking business produces two products from its joint process: one main product (sanded and finished trim pieces) and one by-product (sawdust/shavings). The joint process has a cost of $29,000, which results in trim pieces worth $52,000 and sawdust/shavings that can be sold for $2,800. If Nash uses the production method to account for by-products, determine how much of the joint process cost will be allocated to each product. In other words, how much inventory cost will be recorded for each product? By-product Main product Allocated joint costs $ $ eTextbook and Media
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