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Joint cost allocation; sell or process further in a joint process, Wear Art produces precut fabrics for three products: dresses, jackets, and blouses. Joint cost

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Joint cost allocation; sell or process further in a joint process, Wear Art produces precut fabrics for three products: dresses, jackets, and blouses. Joint cost is allocated on the basis of relative sales value at split-off. The company can choose to process each of the products further rather than sell the fabric at split-off. information related to these products follows. a. What amount of joint cost should be allocated to dresses and blouses? b. What is the sales value at the split-off point for dresses? $ c. Should any of the products be processed beyond the split.off point? Show computations. a. What amount of joint cost should be allocated to dresses and blouses? b. What is the sales value at the split-off point for dresses? $ c. Should any of the products be processed beyond the split-off point? Show computations. d. If 12,000 jackets are processed further and sold at the regular selling price, what is the gross profit on the sale? $

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