Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200lbs. 150lbs. Market value at split-off point$8/lb. $16/lb. Compute the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used. (Do not round your intermediate calculations.)
A. $330.
B. $264.
C. $1,364.
D. $796.
E. $396.
Answer: B
Business
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