Using the physical quantities method

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Petro Inc. produces two joint products. Prior to the split-off point, the company incurred $600,000 in joint costs. Production totaled 72,000 pounds for product A and 48,000 pounds for product B. What amount of joint costs is allocated to product A using the physical quantities method (pounds?

Reference no: EM131224120

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Using the physical quantities method : Petro Inc. produces two joint products. Prior to the split-off point, the company incurred $600,000 in joint costs. Production totaled 72,000 pounds for product A and 48,000 pounds for product B. What amount of joint costs is allocated to product A u..

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