Differential Chemical produced 13,500 gallons of Preon and 27,000 gallons of Paron. Joint costs incurred...
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Accounting
Differential Chemical produced 13,500 gallons of Preon and 27,000 gallons of Paron. Joint costs incurred in producing the two products totaled $7,800. At the split-off point, Preon has a market value of $6.00 per gallon and Paron $2.00 per gallon. Compute the portion of the joint costs to be allocated to Preon if the value basis is used.
$1,560.
$4,680.
$3,120.
$2,600.
$5,845.
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