In this question 5 of the notes , Shouldn't we multiple by the selling price by units sold ? But why is it multiple by the units produced ? (While allocating joint cost)
Cost is incurred for production.
Is Profit margin deducted from sales value to arrive at NRV only in costing as shown in this formula?
This is to arrive at NRV at split off point.
For AS-2 we calculate NRV of finished product.
Thank you sir
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