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 combined gross margin percentage (rounded to the nearest whole percent) is:
A) 65%
B) 88%
C) 76%
D) None of the above

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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 combined gross margin percentage (rounded to the nearest whole percent) is:
A) 65% 
B) 88% 
C) 76% 
D) None of the above

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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 combined gross margin percentage (rounded to the nearest whole percent) is:
A) 65% 
B) 88% 
C) 76% 
D) None of the above

Use the Following Information for the Next 8 Questions