CoursHeroTranscribedText: Q 5. Joint Company produces jointly two products: C and D. The results of...
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CoursHeroTranscribedText: Q 5. Joint Company produces jointly two products: C and D. The results of operation in 2021 were as follows: Details Product C Product D Total production 4000 6000 10000 Sales at split-off 60000 40000 100000 point Revenue 80000 120000 200000 Separable costs 10000 8000 18000 Joint product costs were $100000. There were no beginning inventories. Required: 1. Allocate the joint costs using the physical output method. 2. Allocate the joint costs using the sales value at split-off point method. 3. Allocate the joint costs using the net realizable value method. 4. Allocate the joint costs using the constant gross margin NRV method
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