Market Value Method
Market value method is similar to the last technique (By Product Revenue deducted from Production Cost) illustrated at recognition of gross revenue method page. However it reduces the manufacturing cost of the main product , not by the actual revenue received, but by an estimate of the by products value at the time of recovery.
Market Value Method or Reversal Cost Method: Learning Objectives: Define and explain market value method. Explain the use of market value method while costing by-products Market value method or Reversal cost method is similar to the last technique (By Product Revenue deducted from Production
Market or Sales Value Method–Allocation of Joint Cost: Learning Objectives: Explain the market value method or sales value method of joint cost allocation between products. Market or sales value method enjoys great popularity because of the argument that market value of any product is