The following information relates to a joint production process for three products, with a total joint...
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The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Sales Value at Split-Off $ 189,000 54,00০ 27,000 Units at Split-oft 260 Product 780 1,560 2,600 $ 270,000 Assume that the total sales value at the split-off point for product 1 is $81,000 instead of $189,000 and the sales value of product 3 is $2,700 instead of $27,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3. What amount of joint costs would be allocated to the three products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (i.e. 24.35%) and final answers to nearest whole dollar amount.) Allocated Joint Product Cost 2. 3 The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Sales Value at Split-Off $ 189,000 54,00০ 27,000 Units at Split-oft 260 Product 780 1,560 2,600 $ 270,000 Assume that the total sales value at the split-off point for product 1 is $81,000 instead of $189,000 and the sales value of product 3 is $2,700 instead of $27,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3. What amount of joint costs would be allocated to the three products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (i.e. 24.35%) and final answers to nearest whole dollar amount.) Allocated Joint Product Cost 2. 3
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