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Cost allocation accounting

The growing, harvesting, sorting, and grading of oranges prior to manufacturing juice is part of the joint product cost. Based on the information in the scenario, determine the share of joint cost allocated to pulp-free juice and high-pulp juice. How is the joint cost allocated to each product?

You may use the formulas:

Joint cost / Total gallons produced = Joint cost per gallon produced

Joint cost per gallon produced * Gallons produced of pulp-free orange juice = Joint cost for pulp-free orange juice.

Assignment 1 Page Explanation of the following (APA Style must include references)
Discuss the allocation of costs, including the accounting for joint products and byproducts

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The growing, harvesting, sorting, and grading of oranges prior to manufacturing juice is part of the joint product cost. Based on the information in the scenario, determine the share of joint cost allocated to pulp-free juice and high-pulp juice. How is the joint cost allocated to each product?

You may use the formulas:

Joint cost / Total gallons produced = Joint cost per gallon produced

Joint cost per gallon produced * Gallons produced of pulp-free orange juice = Joint cost for pulp-free orange juice.

Assignment 1 Page Explanation of the following (APA Style must include references)
Discuss the allocation of costs, including the accounting for joint products and byproducts

Running head: ALLOCATION OF COSTS

Allocation of costs and Accounting for joint products and byproducts
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Allocation of costs and Accounting for joint products and byproducts
There are many production processes that begin with a single raw material and end up ...

Solution Summary

This solution is comprised of a detailed explanation to determine the share of joint cost allocated to pulp-free juice and high-pulp juice and answer how is the joint cost allocated to each product.

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