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Business, 29.04.2021 17:20 kylee76

Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: M1 M2 B1 Total Units produced 23,200 13,900 9,800 46,900 Allocated joint costs ? ? ? $ 338,000 Sales value at split-off $ 366,000 $ 244,000 $ 98,000 $ 708,000 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1?

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