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[The following information applies to the questions displayed below.] California Orchards reports the following sales data for the year ended December 31. The company incurred

image text in transcribed [The following information applies to the questions displayed below.] California Orchards reports the following sales data for the year ended December 31. The company incurred the following joint costs for the year. Problem 22-5AA (Algo) Part 1 Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts on the basis of sales value

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