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The Never Corporation manufactures lamps, tools, and pins from a joint process. May production is 2,000 lamps; 3,500 tools; and 4,000 pins. Respective per unit
The Never Corporation manufactures lamps, tools, and pins from a joint process. May production is 2,000 lamps; 3,500 tools; and 4,000 pins. Respective per unit selling prices at splitoff are $30, $20, and $10. Joint costs up to the splitoff point are $75,000. If joint costs are allocated based upon the sales value at splitoff, what amount of joint costs will be allocated to the lamps?
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