Methods to allocate joint costs often require use of estimates. Which of the following two methods is likely to involve the most uncertainty? Explain.
a)Physical output method
b)Net realizable value

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The Answer of Methods to allocate joint costs often require use of estimates. Which of the following two methods is likely to involve the most uncertainty? Explain.
a)Physical output method
b)Net realizable value

Methods to Allocate Joint Costs Often Require Use of Estimates