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What the amount of joint cost allocated to Nuts

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Question - Laredo manufactures Nuts and Bolts from a joint process (cost = $81,000). 6,000 pounds of Nuts can be sold at split-­off for $20 per pound; 12,000 pounds of Bolts can be sold at split-­off for $15 per pound. For product costing purposes Laredo allocates joint costs using the relative sales value method. What the amount of joint cost allocated to Nuts?

Reference no: EM132814443

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