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Oliver owns an orange grove. They sell oranges and orange juice. They are producing 950lbs of oranges to sell by the bag and 1,500lbs of
Oliver owns an orange grove. They sell oranges and orange juice. They are producing 950lbs of oranges to sell by the bag and 1,500lbs of oranges to make juice. This year they spent $10,000 in joint costs. Their selling price for the bags of oranges is $5 a pound, and the juice sold in pounds is $8 a pound. Using the sales value at the split-off method, how would they allocate the joint costs? Select answer from the options below Bag $1,800, juice $8,200 Bag $2,800, juice $7,200 Bag $5,000, juice $5,000 Bag $3,800, juice $6,200
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