Question: SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000. Production and sales value information for the

SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000. Production and sales value information for the month were as follows: Sales Value at Units Splitoff Separable Product Produced Sales Value Costs Sugar 12,000 $80,000 $24,000 Sugar syrup 8,000 $70,000 $64,000 Fructose syrup 4,000 $50,000 $32,000 Determine the amount of joint cost allocated to each product if the physical measure method is used. Product Joint cost allocated Sugar Sugar syrup $ $ Fructose syrup $ Total $ Determine the amount of joint cost allocated to each product if the net realizable value method is used. Product Sugar Sugar syrup Joint cost allocated $ $ Fructose syrup $ Total $ Round to the nearest thousand.

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