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