Question: Joint Process Cost Allocation (20 points) Soy Products produces two products, Soyburgers and soy steaks, in a single process, 2016. The joint costs of this

 Joint Process Cost Allocation (20 points) Soy Products produces two products,

Joint Process Cost Allocation (20 points) Soy Products produces two products, Soyburgers and soy steaks, in a single process, 2016. The joint costs of this process were $36,000. In addition, 20,000 pounds of soyburgers and 10.000 pounds of soy were: soyburgers, $7,500; soy steaks, S4,500. Soyburgers sells for $2 per pound: Soy steaks sells for $4 per pound. Required: Allocate the joint costs using the net realizable value method. b. Allocate the joint costs using the physical units method. a

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