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Compute the cost to be allocated to Product L

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Reference no: EM132533455

Data pertaining to a company's joint production for the current period follows:

                                                  L                     M

Quantities produced            200lbs.        150lbs.

Market value at split-off point $8/lb.          $16/lb.

Question 1: Compute the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used. (Do not round your intermediate calculations.)

Multiple Choice

Option 1: $264.

Option 2: $396.

Option 3: $330.

Option 4: $1,364.

Reference no: EM132533455

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