GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced...
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Accounting
GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 220,000 units of tips having a sales value at the split-off point of $70,000. It produced 220,000 units of stems having a sales value at split-off of $30,000. Using the net realizable value method, the portion of the total joint product costs allocated to tips was $50,400.
Required:
Compute the total joint product costs before allocation. (Do not round intermediate calculations.)
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