The Kenton Company processes unprocessed milk to produce two products,Butter Cream and Condensed Milk.The following information was collected for the month of June:
The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 22,500 gallons of saleable product was $51,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth. )
Definitions:
Cardinality
In the context of databases, it refers to the uniqueness of data values contained in a column. Higher cardinality means more unique values.
Cardinality
In database design, the numerical attributions of relationships between entities, indicating the degree of association such as one-to-one, one-to-many, or many-to-many.
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Join Operation
A database operation that combines records from two or more tables in a database.
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