Question: Chapter 1'] Graded Homework 0 Saved 5 0.75 Required points Using the net realizable value method, assign costs to P11 and P12 for August. (Do

Chapter 1'] Graded Homework 0 Saved 5 0.75 Required points Using the net realizable value method, assign costs to P11 and P12 for August. (Do not round intermediate calculations} Euclid Corporation processes a patented chemical, P1, and produces two outputs, P11 and P12. In August, the costs to process P1 are $140,000 for materials and $350,000 for conversion costs. P11 has a sales value of $664,000 and P12 has a sales value of $166,000. El P'11 P'i 2

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