Question: Problem #1 Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $120,000. Production and sales value information

Problem #1 Sugar Cane Company processes sugar beets into three products.

Problem #1 Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $120,000. Production and sales value information for the month were as follows: Units Produced Sugar Sugar Syrup Fructose Syrup 6,000 4,000 2,000 Sales Value at Splitoff Point $40,000 35,000 25,000 Separable costs $12,000 32,000 16,000 Required: Determine the amount of joint cost allocated to each product if the sales value at: 1. splitoff method is used

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