Relative Sales Value Method Definition | Becker

Accounting Dictionary

Relative Sales Value Method

 

  1. The relative sales value method of costing is used when costs cannot be determined individually. Joint products, lump?sum purchases of assets (basket purchases), and large assets that are subdivided (real estate tracts) are examples of items that are cost by the relative sales value method. A method used to allocate joint costs in proportion to the sales value of joint products produced.

 

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