Exercise 17-21 Relative-Sales-Value Method; Joint Cost Allocation (LO 17-4)

Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows:

						Quantity at			Sales Price
Joint Cost					Cereal	Split-Off Point			per Kilogram
	$	93,000			Yummies		12,300	kilograms		$	6.30
					Crummies		8,300	kilograms			7.80

Required: Use the relative-sales-value method to allocate Breakfasttime Cereal Companys joint production cost between Yummies and Crummies. (Round intermediate calculations of Relative Proportions to 3 decimal places and final answers to the nearest dollar amount.)

	sales value at split-off point	allocation of joint cost
yummies
crummies
total