Joint costs should not be allocated to individual products for decision purposes. For what purposes are such costs allocated to products? Briefly explain each of the two conventional ways of allocating joint costs of products.© BrainMass Inc. brainmass.com June 4, 2020, 1:02 am ad1c9bdddf
Joint costs are allocated to get the inventory valuation for financial statement purposes.
The two conventional methods of assigning joint costs to products are physical units (which require a common ...
The solution provides a discussion for everyday language suitable for novice. Two conventional ways of allocating joint costs of products are determined.