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Question
Wren Pork Company uses the relative market value method of allocating joint costs in its production of pork products. Relevant information for the current period follows:| Product | Pounds | Price/lb. Price/lb. |
| Loin chops............. | 3,000 | $5.00 |
| Ground..... | 10,000 | 2.00 |
| Ribs.......... | 4,000 | 4.75 |
| Bacon............ | 6,000 | 3.50 |
The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops?
A.$ 0.
B.$ 5,909.
C.$ 8,600.
D.$10,750.
E.$43,000.
Answer
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