Question: 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

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:

Joint Cost Cereal Quantity at Split-Off Point Sales Price per Kilogram
$ 97,000 Yummies 12,700 kilograms $ 6.70
Crummies 8,700 kilograms 8.20

Required: Use the relative-sales-value method to allocate the companys joint production cost between Yummies and Crummies. (Round your calculation of relative proportions to 3 decimal places.)

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