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Colts Company Manufactures Three Products from a Joint Process

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Colts Company manufactures three products from a joint process.Joint costs for the year amount to $500,000.The following data are available: Colts Company manufactures three products from a joint process.Joint costs for the year amount to $500,000.The following data are available: In addition,the following weights were available: Required: Using the relative-sales-value method,determine the amount of joint costs allocated to each product. In addition,the following weights were available:
Colts Company manufactures three products from a joint process.Joint costs for the year amount to $500,000.The following data are available: In addition,the following weights were available: Required: Using the relative-sales-value method,determine the amount of joint costs allocated to each product. Required:
Using the relative-sales-value method,determine the amount of joint costs allocated to each product.

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A: 30/80 X $500,000 ...

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