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Please help with homework - will rate 7. Harmon Inc, produces joint products L, M, and N from a joint process. Information concerning a batch
Please help with homework - will rate
7. Harmon Inc, produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $75,000 was as follows. Product Units Produced Sales Price L 1,200 $50.00 2,500 $20.00 N 4,300 $15.00 A. What would be the amount of joint costs allocated to each product under the Physical measure method and sales value at split-off method? B. If separable processing costs beyond the split-off point for are $10,000 for L, $25,000 for M. $19,000 for N, what would be the amount of joint costs allocated to each product the net realizable value methodStep by Step Solution
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