To-Go produces milk and sour cream from a joint process. During june, the comparny produced...
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Accounting
To-Go produces milk and sour cream from a joint process. During june, the comparny produced 480,000 quarts of milk and 380,000 pints of sour cream (there are two pints in a quart). Sales value at split-off point was $754,800 for the milk and $355,200 for the sour cream, The milk was assigned $251,600 of the joint cost. Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar. a. Using the sales value at split-off approach, determine the total joint cost for June. 5 b. Assume, instead, that the joint cost was allocated based on the number of quarts produced. What was the total joint cost incurred in June? 5

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