Explain net realizable value, Accounting Basics

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Explain net realizable value

Herbster manufactures A, B, and C, all of which are joint products, and D, which is classified as a by-product. If joint manufacturing costs amount to $450,000 and the company is using a popular accounting method, the firm will:

allocate $450,000 among A, B, and C.
allocate $450,000 among A, B, C, and D.

increase $450,000 by the net realizable value of D and then allocate the total among A, B, and C.decrease $450,000 by the net realizable value of D and then allocate the total among A, B, and C.

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Accounting Basics: Explain net realizable value

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Accounting Basics: Explain net realizable value

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Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain net realizable value

Reference No:- TGS0697396

Recent Questions Asked Accounting Basics

Q : Why is only one half of a sole proprietor

Q : Discuss an athletic scholarship at state university

Q : Assuming use of the step-down method

Q : Calculate the materials budget

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Q : Explain how annual gifts to his children will reduce

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