Joint Product Costing-Market Value Method. The Prudential Company produces three products, E, S, and C, as...

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Joint Product Costing-Market Value Method. The Prudential Company produces three products, E, S, and C, as the result of joint processing, which costs $150,000. Units produced Separable processing costs E S 30,000 $30,000 15,000 $24,000 13,000 $27,000 $ 4.30 $ 6.60 $ 6.00 Unit sales price.... Required: (1) Allocate the joint cost to the three products using the market value method. (2) Suppose that product S could be sold at the split-off point for $5.50. Would that be a good idea? Show calculations. CS Scanned with CamScanner Joint Product Costing-Market Value Method. The Prudential Company produces three products, E, S, and C, as the result of joint processing, which costs $150,000. Units produced Separable processing costs E S 30,000 $30,000 15,000 $24,000 13,000 $27,000 $ 4.30 $ 6.60 $ 6.00 Unit sales price.... Required: (1) Allocate the joint cost to the three products using the market value method. (2) Suppose that product S could be sold at the split-off point for $5.50. Would that be a good idea? Show calculations. CS Scanned with CamScanner