Companies routinely allocate joint product costs to products for purposes of ________.
A) inventory valuation only
B) income determination only
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, allocation of joint product costs is critical for decision-making such as further processing or selling joint products.

Companies Routinely Allocate Joint Product Costs to Products for Purposes