The Method of Accounting for Joint Product Costs That Will

question 118

Multiple Choice

The method of accounting for joint product costs that will produce the same gross margin percentage for all products is the:

• A) replacement method.
• B) physical quantities method.
• C) net realizable value method.
• D) units produced methoD.
• Under net realizable value,the cost allocated is a constant percentage of the sales value so each product will have the same gross margin percentage.

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