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The basis of apportionment of joint costs to products is usually one of the following: (a) Sales value of production( also Known as market value)

The basis of apportionment of joint costs to products is usually one of the following: (a) Sales value of production( also Known as market value) (b) Production units (c) Net realizable value. EXAMPLE Products A and B are two joint products with information as follows: Kgs produced Kgs sold Selling price/kg Joint cost A 100 80 $5 $750 B 200 150 $2

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