Problem 3-12 points Chippie's produces various types of potato chips, Chippies uses locally sourced potatces...
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Problem 3-12 points Chippie's produces various types of potato chips, Chippies uses locally sourced potatces which it purchases for $1,000 per ton. The following table shows the products produced during first week of February from one ton of potatoes Further Product Pounds Sales value costs Salt and vinegar chips Barbecue chips Plain chips 350 1,000 2,000 1,100 2,500 $300 200 100 All three products must be processed further before they can be sold How much of the $1,000 joint cost would be allocated to each product Chippien uses the physical measures method of allocating joint costs? Salt and vinegar Plain How much of the $1,000 joint cost would be allocated to each product if Chippies uses the net Product Joint Cost Allocats realizable value method of allocating joint costs? Salt and vinegar Barbeque Plain How much total gross profit will Chippies earn on these chips
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