J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow: If J-M uses the sales value at split-off point method and sells products at the split-off point, what is the gross profit for product T? Note: the sales values above are based on units produced.
A) $1,000
B) $(500)
C) $1,500
D) $3,000
Correct Answer:
Verified
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