Which joint cost allocation method is described by the following statement? Each product is assigned a weighting factor which is multiplied by the number of units. Joint cost is prorated to the products on the basis of each product's share of total weighted units.

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The statement describes the weighted average method, where each product is assigned a weighting factor based on its importance or production value, and joint cost is allocated based on the each product's share of total weighted units.

Which Joint Cost Allocation Method Is Described by the Following