In joint costing, the sales value at split-off method is typically used in preference to the NRV method only when net realizable value for one or more products at split-off do not exist.

Question

Quizplus · Accepted Answer

The sales value at split-off method is the more preferred method. The NRV method is typically used in preference to the sales value at split-off method only when selling prices for one or more products at split-off do not exist.

In Joint Costing, the Sales Value at Split-Off Method Is