Allocated joint costs are useful for:
A) Setting the selling price of a product.
B) Determining whether to continue producing an item.
C) Controlling user department costs.
D) Determining inventory cost for accounting purposes.

Question

Quizplus · Accepted Answer

Allocated joint costs are useful for determining inventory cost for accounting purposes as they help in assigning costs to products for financial reporting.

Allocated Joint Costs Are Useful For