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3. Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $80,000. Production and sales information for the

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3. Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $80,000. Production and sales information for the month were as follows: Product Sugar Sugar Syrup Fructose Syrup Gallons Produced 6,000 4,000 2,000 Gross Sales Value (S) 102,000 56,000 44,000 Separable costs (5) 9,000 20,000 16,000 Required: Determine the amount of joint cost allocated to each product (round to one decimal place): a. Using the Physical Volume method b Determine the cost per gallon for each of the 3 products using the NSV/method, NRV

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