BE $19-5$ Joint Cost Allocation$$Market Value at Split$-$off Method

Obj. $5$

Gripturn Inc. produces two different styles of door handles, standard and curved. The door handles go through a joint production molding process costing $$29,000$ per batch and producing $2,000$ standard door handles and $1,000$ curved door handles at the split$-$off $999$ point. Both door handles undergo additional production processes after the split$-$off point, but could be sold at that point: the standard style for $$4$ per door handle and the curved style for $$2$ per door handle. Determine the amount of joint production costs allocated to each style of door handle using the market value at split$-$off method.