Alpha Company manufactures products XX-1 and XX-2 from a joint process. Total joint costs are $300,000. The
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Alpha Company manufactures products XX-1 and XX-2 from a joint process. Total joint costs are $300,000. The sales value at split-off was $350,000 for 4,000 units of product XX-1 and $150,000 for 1,000 units of product XX-2.
Required
Assuming that total joint costs are allocated using the net realizable value at split-off approach, what amount of the joint costs was allocated to product XX-1?
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The net realizable value method allocates joint costs in pro...View the full answer
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Related Book For 
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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