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Problem VI 18 points Colts Company manufactures three products from a joint process.Joint costs fos S500,000. The following data are available 5,000 4,000 1,000 S6
Problem VI 18 points Colts Company manufactures three products from a joint process.Joint costs fos S500,000. The following data are available 5,000 4,000 1,000 S6 S10 S0 Product C is In addition, the following weights were available: Product processed further at a cost of $5,000 and then can be sold for $15 per unit Number of Units Produced 10 pounds 20 pounds 30 pounds 5,000 4,000 1,000 Required: Using the theoretically best approach, determine the amount of joint costs allocated to each product Product A: Product B Product C
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