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Two products G and H are created from a joint process. G can be sold immediately after split-off. H requires further processing before it is in a saleable condition. There are no opening inventories and no work in progress. The following data are available for last period:
Using the physical unit method for apportioning joint production costs, what was the cost value of the closing inventory of product H for last period? A. $45,181 B. $37,520 C. $40,264 D. $36,400 |