Allocate joint costs on the basis of adjusted sales value. (Obj.

3). The total manufacturing costs applicable to two joint products transferred out of a department in July 19X9 were $30,000. As a result of the manufacturing process, 5,000 units of Strano (a finished product) were produced. The sales value of Strano was $6 per unit.

In addition, 6,000 units of Therono were produced. Therono must be further processed at an estimated cost of $2 per unit before it can be sold for $7 per unit. Using the adjusted sales value method, compute the total joint costs to be assigned to each product in July 19X9. LO.1