NE Crossing Company produces two main products and a by-product during a joint process. The company uses the sales method to account for by-products, and the sales value at the split-off method is used to assign joint costs to the joint products. Describe the process of assigning joint costs and what happens when the product is sold.

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The Answer of NE Crossing Company produces two main products and a by-product during a joint process. The company uses the sales method to account for by-products, and the sales value at the split-off method is used to assign joint costs to the joint products. Describe the process of assigning joint costs and what happens when the product is sold.

NE Crossing Company Produces Two Main Products and a By-Product