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Question
General Chemical produced 10,000 gallons of Greon and 20,000 gallons of Baron. Joint costs incurred in producing the two products totaled $7,500. At the split-off point, Greon has a market value of $6 per gallon and Baron $2 per gallon. What portion of the joint costs should be allocated to Greon if the basis is market value at point of separation?
A. $2,500
B. $3,000
C. $4,500
D. $5,625
E. $1,500
Answer
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Related questions
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Q:
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Q:
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