Question: Refer to the information in Problem 41. a. Calculate the sales price per gallon for skim milk and cream. b. Using relative sales value, allocate

Refer to the information in Problem 41.

a. Calculate the sales price per gallon for skim milk and cream.

b. Using relative sales value, allocate the joint cost to the joint production.

c. Calculate ending Finished Goods Inventory cost, Cost of Goods Sold, and the gross margin for the month.


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