Use the following information for the next 8 questions.
RKH Corporation produces three joint products. During a recent accounting period, joint costs totaled $365 and RKH had no beginning inventories. Additional data appear below:
-Using the constant gross margin NRV method, the joint costs allocated to M1 will be
A) $290
B) $160
C) $110
D) $50

Question

Use the following information for the next 8 questions.
RKH Corporation produces three joint products. During a recent accounting period, joint costs totaled $365 and RKH had no beginning inventories. Additional data appear below: 
-Using the constant gross margin NRV method, the joint costs allocated to M1 will be
A) $290 
B) $160 
C) $110 
D) $50

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The Answer of Use the following information for the next 8 questions.
RKH Corporation produces three joint products. During a recent accounting period, joint costs totaled $365 and RKH had no beginning inventories. Additional data appear below: 
-Using the constant gross margin NRV method, the joint costs allocated to M1 will be
A) $290 
B) $160 
C) $110 
D) $50

Use the Following Information for the Next 8 Questions