The following information relates to a joint production process for three products, with a total joint production
Question:
The following information relates to a joint production process for three products, with a total joint production cost of $110,000. There are no separable processing costs for any of the three products. |
Product | Sales Value at Split-Off | Units at Split-Off | ||||
1 | $ | 143,000 | 315 | |||
2 | 55,000 | 735 | ||||
3 | 22,000 | 1,050 | ||||
$ | 220,000 | 2,100 | ||||
1)What amount of joint cost is allocated to each of the three products using the relative sales value method?
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