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Which of the following is not a step needed to maximize the profits from joint products?

1. Forecasting the sales price of each final product

2. Identifying alternative sets and quantities of final products possible from the joint process

3. Determining how to allocate joint costs to the final products

4. Estimating the costs required to further process joint products into salable products

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404308

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