2 part problem. please help.
Required information SB (Static) The following information relates... [The following information applies to the questions displayed below.] The following information rlates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Brief Exercise 7-19 (Static) Assume that the total sales value at the split-off... [LO 7-6, 7-7] Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000 instead of $20,000. Assume also that, because of its relatively low sales value, the firm treats product 3 as a by-product and uses the asset recognition method for accounting for by-products. What amount of joint cost would be allocated to the products using the sales value at split-off method? SB (Static) The following information relates... [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Brief Exercise 7-20 (Static) What amount of joint costs would be allocated... [LO 7-6] Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000 instead of $20,000. 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.) Answer is complete but not entirely correct