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Wren Pork Company uses the relative market value method/Value basis method of allocating joint costs in its production of pork products. Relevant information for the
Wren Pork Company uses the relative market value method/Value basis method of allocating joint costs in its production of pork products. Relevant information for the current period follows: |
Product | Pounds | Price/lb. |
Loin chops | 3,320 | $6.60 |
Ground | 10,800 | 2.80 |
Ribs | 4,480 | 5.95 |
Bacon | 6,640 | 4.30 |
The total joint cost for the current period was $52,600. How much of this cost should Wren Pork allocate to Loin chops? |
$0.
$8,045.
$10,736.
$13,150.
$52,600.
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