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What portion of the joint costs should be allocated to greon

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Question - General Chemical produces two products: Greon and Baron. Joint costs incurred in producing the two products totaled $7,500. At the split-off point, Greon has a market value of $60,000 and Baron has a market value of $40,000. What portion of the joint costs should be allocated to Greon if the basis to allocate costs is market value at point of separation?

Reference no: EM131761363

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