The Happy Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk....
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Accounting
The Happy Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Direct Materials processed: 28,000 galions The costs of purchasing the of unprocessed milk and processing it up to the splitoff point to yleid a total of 28,000 gallons of saleable product was $46,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. If separable costs of Butter Cream was 16,000 and constant gross margin was 25%, what would have been the allocated joint costs of Condensed Mik
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