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QUESTION General Chemical produced 10,000 gallons of Greon and 20,000 gallons of Baron. Joint costs incurred in producing the two products totaled $7,500. At the
QUESTION General Chemical produced 10,000 gallons of Greon and 20,000 gallons of Baron. Joint costs incurred in producing the two products totaled $7,500. At the split-off point, Greon has a selling price of $6 per gallon and Baron $2 per gallon. What portion of the joint costs should be allocated to Greon if the basis is Sales Value? $2,500 $3,000 $4,500 $5,625 $1,500
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