Why are approximated, rather than actual, net realizable values at split-off sometimes used to allocate joint cost?

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Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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Question Posted: Jul 17, 2012 05:59 AM

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Why are approximated, rather than actual, net realizable values at split-off sometimes used to allocate joint cost?

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Approximated net realizable values are necessary when some or all of the joint products ...View the full answer

Cost Accounting Foundations and Evolutions

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