Boone Oil Company transports crude oil to its refinery where it is processed into main products gasoline,
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Determine the allocation of joint costs, using the adjusted sales valuemethod.
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Product Gasoline Kerosene Diesel fuel Barrels Produced 500,000 100,000 250,000 Cost After Split-Off $2,000,000 500,000 1,000,000 Selling Price Per Barrel $25 30 20
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