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Problem 7.42 (Algo) Joint Products [LO 7-6] Choi Company manufactures two skin care lotions, Smooth Skin and Siken Skin, from a joint process. The joint

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Problem 7.42 (Algo) Joint Products [LO 7-6] Choi Company manufactures two skin care lotions, Smooth Skin and Siken Skin, from a joint process. The joint costs incurred are $360.000 for a standard production run that generates 170,000 pints of Smooth Skin and 300,000 pints of Silken Skin. Smooth Skin sells for \$3.20 per pint, while Silken Skin sells for $520 per pint Required: 1. Assuming that both products are sold at the split-off point, how much of the joint cost of each production run is allocated to Smooth Skin using the relative sales value method? 2 If no separable costs are incurred after the split off point, how much of the joint cost of each production run is allocated to Silken Skin using the physical measure method? 3 if separable processing costs beyond the split-off point are $1,80 per pint for Smooth Skin and $170 per pint for Silken Skin, how much of the joint cost of each production run is allocated to Silken Skin using a net realizable value method? 4 if separable processing costs beyond the split-off point are \$1.80 per pint for Smooth Skin and $170 per pint for Silken Skin, how much of the joint cost of each production run is allocated to Smooth Skin using a physical measure method? (For all requirements, do not round intermediate calculations. Round final answers to nearest whole dollar amounts.)

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