Nelson Inc.obtains two products and a by-product from its production process.By-product revenues are treated as other income and a noncost approach is used to assign costs to them.During the period, 1,200 units were processed at a cost of $12,000 for materials and conversion costs, resulting in the following:
Required:

Question

Nelson Inc.obtains two products and a by-product from its production process.By-product revenues are treated as other income and a noncost approach is used to assign costs to them.During the period, 1,200 units were processed at a cost of $12,000 for materials and conversion costs, resulting in the following:
  Required:

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The Answer of Nelson Inc.obtains two products and a by-product from its production process.By-product revenues are treated as other income and a noncost approach is used to assign costs to them.During the period, 1,200 units were processed at a cost of $12,000 for materials and conversion costs, resulting in the following:
  Required: