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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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