How to Allocate Joint Costs using Net Realizable Value

This video shows how to allocate joint costs using the Net Realizable Value method. The Net Realizable Method is particularly useful for allocating joint costs when you don't know the estimated sales value at the splitoff point and will be processing the products further.
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[@ahmedal-sanad7891]

Thank you very very much You are helping me for my finals

[@Edspira]

Great!

[@seanthomas516]

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My school books are not this informative. BLESS YOU 🙏🙏🙏🙏😊

[@MyFinancialFocus]

Super cool method of evaluating costs. Great explanation!

[@jbbyebye]

Your videos are so helpful! Thank you so much!

[@frankflores8297]

i love the way you teach.

[@charteredkid]

Thankuu sirrr i got the clarity on nrv method

[@fiooneer]

thank you so much for this

[@ujalamughees5148]

Thanks sir. God bless you .

[@ashmithamb7358]

so precise. thanks.

[@siyam6050]

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[@ammarbassiouny944]

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[@chase78966]

hey only thing i dont understand is the difference between the sales value and the nrv because i thought the nrv for whole milk/nonfat milk wold be the 240000

[@heyitschika]

thank you!

[@Edspira]

No problem!

[@anuradhapuri4374]

Sir I want to ask you does the processing cost have an aspect of profit margin?

[@thomasarop7271]

is not precise to be understood easily

[@Edspira]

In general precise means exact, accurate, or specific. Management is estimating the percentage of costs that should be allocated to each product, so this is not precise.