In regard to joint cost allocation, the "split-off point" is:
A. The difference between the actual and market value of joint costs.
B. A physical basis method to allocate costs based on ratio of some physical characteristic.
C. The point at which some products are sold and some remain in inventory.
D. The point at which separate products can be identified.
E. Not acceptable when using the value basis for allocating joint costs.
Answer: D
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