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Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows:
Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: Product Pounds Price/lb. 3,360 $5.00 Loin chops Ground 10,920 2.00 Ribs 4,375 4.80 Bacon 6,960 3.50 The total Joint cost for the current period was $62,000. How much of this cost should Wren Pork allocate to Loin chops?
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
