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Please answer CoursHeroTranscribedText: Ex1143 0 Reference Euclid Corporation processes a patented chemical, I11, and...

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CoursHeroTranscribedText: Ex1143 0 Reference Euclid Corporation processes a patented chemical, I11, and produces two outputs, P41 and 912. In August, the costs to process P~1 are $190,000 for materials and $260,000 for conversion costs. P711 has a sales value of $704,000 and P12 has a sales value of $176,000. Required: Using the net realizable value method, assign costs to 911 and P12 for August [Do not round intermediate calculationsJ

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