Consider the Following Statement: Joint Cost Is Prorated to the Products

question 123

Multiple Choice

Consider the following statement: Joint cost is prorated to the products on the basis of each product's share of units.Which joint cost allocation method does the statement describe?

• A)physical units method
• B)weighted average method
• C)sales-value-at-split-off method
• D)net realizable value method

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Definitions:

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