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Question - DNA Ltd. produces two main products, A and B; and a by product, C. There were no beginning inventories. During April, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows:
Product
Units Produced
Units Sold
Unit Sales Price
A
12000
9,600
$22
B
18000
15,300
$38
C
6000
5,200
$3
Required - Assuming DNA recognizes by product revenue at the time of sale, what is the total value of ending inventory?
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