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Question - Company manufactures two joint products. Product line one sells at 30 per unit, while product two sells at 60 per unit. The company uses the net realizable value method for allocating joint costs.For the month of May, the production activities were as follows:
Joint production costs 55,000
Further processing costs after split off:
Product one 34,000
Product two 36,000
Number of units produced:
Product one 2,000 units
Product two 1,000 units
Required - What was the joint cost allocated?
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