Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $120,000:

Required
How much of the joint cost should be allocated to each joint product using the net realizable value method?

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After Split-Off Units Produced and Sold 10,000 4,000 5,000 Product Total Final Sales Value 10,000 10,000 5,000 $160,000 140,000 25,000