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Jelliff Sawmill, Inc., (JSI), purchases logs from independent timber contractors and processes the logs into three types of lumber products. These products are the
Jelliff Sawmill, Inc., (JSI), purchases logs from independent timber contractors and processes the logs into three types of lumber products. These products are the result of a joint sawmill process that involves removal of bark from the logs, cutting the logs into a workable size (ranging from 8 to 16 feet in length), and then cutting the individual products from the logs. (Click the icon to view the joint cost information.) (Click the icon to view additional information.) Read the requirements. (Click the icon to view the per-unit information.) Requirement 1. Based on the information given for Jelliff Sawmill, allocate the joint processing costs of $960,000 to the three products using the (a) Sales value at splitoff method, (b) Physical-measure method (volume in units), and (c) NRV method. a. Begin by allocating the joint processing costs of $960,000 to the three products using the Sales value at splitoff method. (Round th decimal places.) ights to four Monthly unit output Selling price per unit Sales value of total production at splitoff Weighting Joint costs allocated Studs Decorative pieces Posts Total
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