If joint products end up with the same gross margin percentage, which of the following is true?
A) The cost allocation method assigned the same cost per unit to each product.
B) The physical measure method must have been used.
C) The gross margin percentage NRV method must have been used.
D) The estimated net-realizable method must have been used.
E) If all products are sold at the split off point, and there were no opening inventories, the sales value at split off method could have been used.

Question

Quizplus · Accepted Answer

The Answer of If joint products end up with the same gross margin percentage, which of the following is true?
A) The cost allocation method assigned the same cost per unit to each product.
B) The physical measure method must have been used.
C) The gross margin percentage NRV method must have been used.
D) The estimated net-realizable method must have been used.
E) If all products are sold at the split off point, and there were no opening inventories, the sales value at split off method could have been used.

If Joint Products End Up with the Same Gross Margin