Chapter 7 Homework - Joint Products A Saved 10 Required Information [The following information applies to the questions displayed below.] Part 4 of 4 The following Information relates to a joint production process for three products, with a total Joint production cost of $160,000. There are no separable processing costs for any of the three products. 1.81 points Product 2 Sales Value at Split-OFF $ 240,00 48,000 32,000 $ 320, eee Units at Split-Off 420 630 1,25e 2,180 eBook 3 Print References Assume that the total sales value at the split-off point for product 1 is $112,000 Instead of $240,000 and the sales value of product 3 Is $3,200 Instead of $32,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3. What amount of joint costs would be allocated to the three products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (I.e. 24.35%) and final answers to nearest whole dollar amount.) Product Allocated Joint Cost 1 2 3