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Joint products are two or more products manufactured simultaneously through the same process. The common manufacturing costs are called joint costs. Each product has a significant market value. Example - Gasoline and Kerosene are joint products of crude oil refining

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Q: What are examples of joint products?
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i have two examples: Joint Committee on the Library & Joint Committee on Conduct of Foriegn War


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Allocations are also required in a joint production process. When two or more separately identifiable final products initially share a common joint production process, the products are called joint products.


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