Question: Blasto, Inc., operates several mines. At one, a typical batch of ore run through the plant yields three products: lead, copper, and manganese. At the
Blasto, Inc., operates several mines. At one, a typical batch of ore run through the plant yields three products: lead, copper, and manganese. At the split-off point, the intermediate products cannot be sold without further processing. The lead from a typical batch sells for $135,000 after incurring additional processing costs of $69,000. The copper is sold for $175,000 after additional processing costs of $26,500, and the manganese yield sells for $155,000 but requires additional processing costs of $39,500. The joint costs of processing the raw ore, including the cost of mining, are $290,000 per batch. Required: Use the estimated net realizable value method to allocate the joint processing costs
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