Tango Company produces joint products M, N, and T from a joint process. This information...
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Accounting
Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $220,000:
After Split-Off
Product
Units Produced and Sold
Total Separable Costs
Total Final Sales Value
M
20,000
$
20,000
$
260,000
N
14,000
20,000
240,000
T
15,000
5,000
45,000
Required:
How much of the joint cost should be allocated to each joint product using the net realizable value method? (Enter your answers in whole dollars.)
SHOW WORK. Thank you.
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