Q1. Sweet Sugar Company processes sugar beets into three products. During April the joint costs of processing were $240,000. Production and sales value information for the month were as follows:

Sales Value at

Units Splitoff Separable

Product Produced Sales Value Costs

Sugar 12,000 $80,000 $24,000

Sugar syrup 8,000 $70,000 $64,000

Fructose syrup 4,000 $50,000 $32,000

Required:

1. Determine the amount of joint cost allocated to each product if the physical measure method is used.

2. Determine the amount of joint cost allocated to each product if the net realizable value method is used. Round to the nearest thousand.

Plz explain the calculations