Data pertaining to a company's joint production for the current period follows: L M Quantities...
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Accounting
Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200 lbs. 150 lbs. Market value at split-off point $ 8 /lb. $ 16 /lb. Compute the cost to be allocated to Product M for this period's $660 of joint costs if the value basis is used. Multiple Choice
$330.
$396.
$796.
$264.
$1,364.
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