The primary purpose for allocating common costs to joint products is to determine:

A. The selling price of a by-product.

B. Whether one of the joint products should be discontinued.

C. The variance between budgeted and actual common costs.

D. The inventory cost of joint products for financial reporting.

Question added by Deleted user
Date Posted: 2015/02/20

Upvote (1) Views (6) Followers (2) Answers (2) Report Question

by Mir Mujtaba Ali , Internal Audit Manager , Confidential

Yes, the right answer is D

by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer option D >>>>>>>>>>>>>> The inventory cost of joint products for financial reporting.

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