A company produced 280 units of Product L and 196 units of Product M during...
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Accounting
A company produced 280 units of Product L and 196 units of Product M during the current period and incurred joint costs of $840. Product L sells for $7 per unit and Product M sells for $15 per unit. Compute the cost to be allocated to Product M for this periods joint costs if the value basis is used.
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$336.
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$504.
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$420.
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$1,687.
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$1,064.
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