Breon Beef Company uses the relative market value method of allocating joint costs in its production of
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Question:
Breon Beef Company uses the relative market value method of allocating joint costs in its production of beef products. Relevant information for the current period follows:
Sirloin 3,000 $5.00
Hamburger 10,000 $2.00
Rib eye 4,000 $4.75
Roast 6,000 $3.50
The total joint cost for the current period was $43,000. How much of this cost should Breon Beef allocate to sirloin?
$43,000
$8,600
$0
$10,750
$5,909
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