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Use the following information for the next 4 questions.
A joint process has total costs of $1,200 and yields 50 units each of two main products and 10 units of by-product that can be sold for $2.50 each.
-Under the net realizable value approach to accounting for by-products, what is the per unit cost of a main product if the physical output method of allocating joint costs is used?
Salt Crystal
A solid geometric form that results from the orderly repeating pattern of ions in a salt.
Scientific Name
A taxonomic name of an organism, composed of the genus and species, used to universally identify and classify the organism.
Coffea Arabica
A species of coffee plant that is the most widely cultivated for the coffee bean, known for its smooth, rich flavor.
Species Name
The scientific naming of species, typically consisting of a genus name followed by a specific epithet, in the system of binomial nomenclature.
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