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Need help please. A dairy operation processes raw milk into two main products: skim milk and cream. Both of these products are salable at the
Need help please. A dairy operation processes raw milk into two main products: skim milk and cream. Both of these products are salable at the end of the
joint process, worth $ and $ respectively. The skim milk can be further processed at a cost of $ in order to yield
sweetened condensed milk. This final product can be sold for $ The cream can also be processed further, at a cost of $ in
order to generate butter, which is worth $ If the joint process costs are $ how much of the joint cost will be allocated to
each product under the NRV method? Round proportion to decimal places, eg and final answers to decimal places, eg
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