1. A processing department produces joint products LLOFI and FALLO, each of which incurs separable production costs...

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1. A processing department produces joint products LLOFI and FALLO, each of which incurs separable production costs after split off. Info concerning a batch produced at a 60000 joint cost before split off follows:

Product

LLOFI

8000

80000

FALLO

22000

40000

Separable Cost

30,000

Sales Value

120000

Joint cost allocated to LLOFI if costs are assigned using net realizable value

Posted Date: May 18, 2024 03:04 AM

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1. A processing department produces joint products LLOFI and FALLO, each of which incurs separable production costs...

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