cane company manufactures sugar cane

CoursHeroTranscribedText: Cane Company manufactures sugar cane until the splitoff point where it becomes products A, B, and C. Product A is sold at the splitoff point without any further processing. Products B and C require further processing to nish them before they can be sold. The following is a summary of costs and other related data for the year ending December 31 ,. 2020. Joint Costs Before Split-0ft Separable Costs - Product A . Se arable Costs - Product B $152,000 Se arable Costs -' ProduEtcl $213 000 l .1 Litres Made Selg Price Units Sold Product A . # 80,000 $1.2Q 35,000 Product B T 70,000 $3.20 63,000 Product C 4 140.000 $3.15 91,000 There were no inventories on hand January 1, 2020, and there was no sugar cane on hand on December 31, 2020. All units of A, B, and C on hand at yearend were complete as to processing. REQUIRED: 1. Allocate the total joint costs to products A, B, and C using the net realizable value method. - ' 2. Calculate the full cost of producing one unit each of A, B, and C. 3. For each product (A, B, and C) calculate the dollar value of the cost of goods sold for 2020 m the ending inventory dollar value at December 31, 2020