Solution-How much of the cost should be allocated

How much of the cost should be allocated

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Question - A company produces two joint products (called 301 and 302) in a single operation that uses one raw material called Fruge. The company purchased 400 gallons of Fruge at a cost of $800 and used them to produce 150 gallons of Product 301, selling for $5 per gallon, and 75 gallons of Product 302, selling for $15 per gallon. How much of the $800 cost should be allocated to each product using the value basis of allocation?

Reference no: EM133055308

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How much of the cost should be allocated : A company produces two joint products (called 301 and 302) in a single operation that uses one raw material called Fruge. How much of cost should be allocated

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How much of the cost should be allocated

Reference no: EM133055308

Reference no: EM133055308

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