Companies routinely allocate joint product costs to products for purposes of ________.
A)inventory valuation
B)income determination
C)decision-making such as further processing of joint products
D)inventory valuation and income determination

Question

Quizplus · Accepted Answer

Companies allocate joint product costs to products for both inventory valuation and income determination purposes. Additionally, such cost allocation helps in making decision-making related to further processing of joint products.

Companies Routinely Allocate Joint Product Costs to Products for Purposes