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Business, 12.04.2021 20:30 whitan8586

5) Mutti company produces two joint products: tomato paste and tomato sauce. From the common process emerge the joint cost of $200,000 which yields 2,000 units of tomato paste and 1,000 units of tomato sauce. Tomato paste can be sold for $100 per unit. Tomato sauce can be sold for $120 per unit. How much of the joint cost will be assigned to the tomato paste if joint costs are allocated on the basis of relative market values

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