ACCT 434 Week 4 DQ 2 (Updated)

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ACCT 434 Week 4 DQ 2 (Updated)


16-27-1) In March, Tivoli, which had no opening inventory, processed one batch of chemicals. It sold 1,700 gallons of product for human use and 300 gallons of the veterinarian product. Tivoli uses the net realizable value method for allocating joint production costs.

1. How much in joint costs does Tivoli allocate to each product?

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