"What's the Big Fuss About Learning Three Different Methods of Cost

question 81

Essay

"What's the big fuss about learning three different methods of cost allocation for joint products? The total cost doesn't change, and the real question that needs answering is whether to further process joint products or sell right away.Besides, our firm uses JIT inventory, so there aren't any ending inventories to cost."
Required:
Comment on these ideas.

---

Definitions:

Fertilization

The union of male and female gametes (sperm and egg) to form a zygote, initiating the development of a new organism.

Blastodisc

A flattened area of a fertilized egg where cells proliferate during early embryonic development in birds and reptiles.

Holoblastic Cleavage

Holoblastic cleavage refers to a type of embryonic development where the entire egg is evenly divided during cell division, characteristic of many animals including mammals.

Neonate

A newborn baby, especially within the first few weeks after birth.