Classification of output from a joint process

Organic Co$.$ makes a variety of products from a joint process. The joint cost per batch run is $$30,000$ and each batch produces the following products:

a$.$ Determine the total sales value at split$-$off, by product.

NOTE: Round to nearest whole dollar amount.

Product # of Units

Sales value per Unit at Split$-$off

Boco

$1,200$

$$6\mathrm{.}000$

Loco

$1,000$

$$1\mathrm{.}750$

Roco

$5,000$

$$2\mathrm{.}500$

Soco

$3,800$

$$4\mathrm{.}200$

Moco

$4,100$

$$1\mathrm{.}900$

Coco

$200$

$$0\mathrm{.}250$

Doco

$300$

$$1\mathrm{.}800$

JOCo

$1,000$

$$0\mathrm{.}020$

Voco

$6,000$

$$0\mathrm{.}001$

Product

Total Sales Value

Boco

$

LOCO

$

Roco

$

Soco

$

Moco

$

Coco

Doco

$

Joco

$

Voco

Total

b$.$ Determine the relative value of each product's sales as a $\%$ of total sales and identify how you would classify each product $($joint$,$ by$-$product, scrap, or waste$).$ Select "Scrap or waste" if either is possible.

Note: Enter the percent rounded to two digits after the decimal; enter $2\mathrm{.}04$ for $2\mathrm{.}044\%$ or $2\mathrm{.}05$ for $2\mathrm{.}045\%.$

Product Relative SV

Classification

Boco

$\%$

Loco

$\%$

Roco

$\%$

Soco

$\%$

Moco

$\%$

Coco

$\%$

Doco