For Purposes of Allocating Joint Costs to Joint Products, the Estimated

Multiple Choice

For purposes of allocating joint costs to joint products, the estimated net realizable value at split-off is equal to:

A) Final sales price reduced by cost to complete after split-off.
B) Sales price less a normal profit margin at the point of sale.
C) Separable product cost plus a normal profit margin.
D) Total sales value less joint costs at point of split-off.