GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced...
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GG Products, Inc., prepares tips and stems from a joint process using asparagus. It produced 290,000 units of tips having a sales value at the split-off point of $73,500. It produced 290,000 units of stems having a sales value at split-off of $31,500. Using the net realizable value method, the portion of the total joint product costs allocated to tips was $46,200.
Required: Compute the total joint product costs before allocation
TOTAL COST = ??
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