Sheffield produces four kinds of ice cream from a single process. The total joint costs of...

Transcribed Image Text:

Sheffield produces four kinds of ice cream from a single process. The total joint costs of $85,400 resulted in 3,100 gallons of vanilla, 2,900 gallons of strawberry, 2,100 gallons of chocolate, and 1,000 gallons of Neapolitan ice cream. Sheffield sells the vanilla ice cream for $2.00/gallon and sells each of the other three flavors for $2.50/gallon. How much of the joint cost will be allocated to each product if the sales value at split-off method is used? (Round proportion to 4 decimal places, e.g. 0.2513 and final answers to O decimal places, e.g. 5,125.) Allocated joint costs LA Vanilla LA Strawberry Chocolate Neapolitan Sheffield produces four kinds of ice cream from a single process. The total joint costs of $85,400 resulted in 3,100 gallons of vanilla, 2,900 gallons of strawberry, 2,100 gallons of chocolate, and 1,000 gallons of Neapolitan ice cream. Sheffield sells the vanilla ice cream for $2.00/gallon and sells each of the other three flavors for $2.50/gallon. How much of the joint cost will be allocated to each product if the sales value at split-off method is used? (Round proportion to 4 decimal places, e.g. 0.2513 and final answers to O decimal places, e.g. 5,125.) Allocated joint costs LA Vanilla LA Strawberry Chocolate Neapolitan

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The sales value at splitoff method is u... View the full answer