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Q 5. Joint Company produces jointly two products: C and D. The results of operation in 2021 were as follows: Joint product costs were $100000.
Q 5. Joint Company produces jointly two products: C and D. The results of operation in 2021 were as follows: Joint product costs were $100000. There were no beginning inventories. Required: 1. Allocate the joint costs using the physical output method. 2. Allocate the joint costs using the sales value at split-off point method. 3. Allocate the joint costs using the net realizable value method. 4. Allocate the joint costs using the constant gross margin NRV method
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