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 $135,000:
After Split-Off
Product Units Produced and Sold Total Separable Costs Total FinalSalesValue
M 11,500 $10,000 $175,000
N 5,500 9,800 155,000
T 6,500 8,200 28,000
Required:
How much of the joint cost should be allocated to each joint product using the net realizable value method?
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