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Can some one please help me with this? 1. Jim Davis Company processes hogs into three products, chops, bacon and sausage. Production and selling price

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1. Jim Davis Company processes hogs into three products, chops, bacon and sausage. Production and selling price data follow: Chops Bacon Sausage Hogs are processed in the Processing Department. From the split-off point, bacon is smoked, sliced and packaged in the Bacon Department. The cost incurred for these processes was $100,000. In addition, sausage was ground and formed into patties in the Sausage Department after the split-off. This process cost $60,000. 100,000 lbs. 210,000 Ibs. 410,000 lbs. $5.00V lb. $4.00V lb. $2.00/ lb. Required: If joint processin method. g costs were $1,500,000, calculate the total cost of each product using the adjusted sales value 2. Terrell Corporation manufactures Products X, Y, and Z. from a joint process. Additional information is as follows: Product 5,000 $70,000 6,000 Units produced Joint costs Sales value at split off Required: Assuming that joint costs are allocated using the relative sales value at split-off approach, what was the sales value at split off for Product X? 13,000 $140,000 $375,000 2,000 $45,000 3. Nate Company manufactures Products A and B from a joint process that also yields a by-product, X. Nate Company accounts for the revenue from its by-product sales as a deduction from the cost of its main products. Additional information is as follows ProductTotal 30,000 $180,000 $580,000 15, 000 9,000 6,000 Units produced Joint costs Sales value at split off $420,000 $140,000 $20,000 Required: Assuming that joint product costs are allocated using the relative sales value at split-off approach, what was the joint cost allocated to Products A and B

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