Kemp Company manufactures three products from a joint process. Joint costs for the year amounted...
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Kemp Company manufactures three products from a joint process. Joint costs for the year amounted to $250,000. The following data was available: Product Units Produced Sales Value at Split-off X 5,000 $70,000 Y 3,000 $30,000 Z 2,000 $100,000 Assume the relative-sales-value method of allocating joint costs is used. What amount of joint costs is allocated to Product Y? A. $37,500 OB. $30,000 OC. $75,000 D. $250,000
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