The Chile Salsa Company manufactures three different types of salsamild, medium, and spicy hotfrom a joint process.

The Chile Salsa Company manufactures three different types of salsa—mild, medium, and spicy hot—from a joint process. The following information is available:

REQUIRED
Assuming that joint product costs are allocated using the sales value at split-off point method, what was the sales value at the split-off for mild and mediumsalsa?

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Mild Medium Spicy Hot Total 24,000 $24,000 Units produced Joint costs Sales value at split-off point Additional cost if processed further Sales value if processed further 48,000 ? $60,000 ? $25,000 $100,000 $21,000 $130,000 $9,000 $55,000 $7,000 $45,000 $5,000 $30,000