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Joint Costing
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Do the following
Question 1: Describe the topic
Question 2: Explain how it can be used in a work place
Question 3: Provide an example with numbers on how it would work
Question 4: Explain its shortcomings
Question 5: Do you think it is useful in the real world
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A company's inventory account increased $26,500 and its accounts payable account decreased $18,250 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and cost of goods sold was $532,700. What was t..
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