(Solved):Two products, LB and NH, emerge from a joint process, Product LB has been allocated $30,800 of…

 

Question

Two products, LB and NH, emerge from a joint process, Product LB has been allocated $30,800 of the total joint costs of $44,000. A total of 3,000 units of product LB are produced from the joint process. Product LB can be sold at the spit off point for $15 per unit, or it can be processed further for an additions total cost of $5,000 and then sold for $18 per

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