How Are Joint Costs Generally Allocated Among the Different Products

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The Answer is "The most popular method of allocating joint product costs for inventory costing purposes is the relative sales value method. This approach uses arithmetic proportions. The total joint product cost is allocated to the various joint products in the proportions of their individual sales values to the total sales value of all joint products at the split-off point."

How Are Joint Costs Generally Allocated Among the Different Products

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How Are Joint Costs Generally Allocated Among the Different Products

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