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In: Accounting

The Tri Ken Corporation incurred $3,000 to produce the following products in a joint production process...

The Tri Ken Corporation incurred $3,000 to produce the following products in a joint production process

Product T

Product K

Quantity produced and processed beyond splitoff point

130 units

390 units

Separable costs

$1,000

$1,460

Selling price of a fully processed unit

$40

$10

•Required:

•Compute the amount of joint costs using:

•1. physical measures method

•2. sales value at split off method

•3. NRV method

•4. Constant gross margin method

Solutions

Expert Solution

ekkarill92 answered 3 years ago
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