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

question 69

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.

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