Question: Exercise 11-43 (Algo) Net Realizable Value Method (LO 11-7) Euclid Corporation processes a patented chemical, P1, and produces two outputs, P.11 and P-12. in August,

Exercise 11-43 (Algo) Net Realizable Value Method (LO 11-7) Euclid Corporation processes a patented chemical, P1, and produces two outputs, P.11 and P-12. in August, the costs to process P-1 are $190,000 for materials and $350,000 for conversion costs. P.11 has a sales value of $704,000 and P-12 has a sales value of $176,000. Required: Using the net realizable value method, assign costs to P11 and P 12 for August. (Do not round Intermediate calculations.) Cost Assigned P.11 P-12

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