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Please can you help with solving this math problem. Sheridan produces four kinds of ice cream from a single process. The total joint costs of
Please can you help with solving this math problem.
Sheridan produces four kinds of ice cream from a single process. The total joint costs of $87,400 resulted in 2,700 gallons of vanilla, 3,200 gallons of strawberry, 2,000 gallons of chocolate, and 1,000 gallons of Neapolitan ice cream. Sheridan sells the vanilla ice cream for $2.00/ gallon and sells each of the other three flavors for $2.50/ gallon. How much of the joint cost will be allocated to each product if the sales value at split-off method is used? (Round proportion to 4 decimal places, e.g. 0.2513 and final answers to 0 decimal places, eg. 5,125.)Step by Step Solution
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