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Sheridan Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Sarco, Barco, and Larco. Each
Sheridan Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint products: Sarco, Barco, and Larco. Each of these products can be sold as is, or they can be processed further and sold for a higher price. The company incurs joint costs of $177,000 to process one batch of the raw material that produces the three joint products. The following cost and selling price information is available for one batch of each product: Determine whether each of the three joint products should be sold as is, or processed further. (Enter loss with a negative sign preceding the number, e.g. - 15,000 or parenthesis, e.g. (15,000).)
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