Required information SB (Static) The following information relates... [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products. Product 1 2 3 Sales Value at Units at Split-Off $ 130,000 50,000 20,000 $ 200,000 Product 1 2 3 Brief Exercise 7-20 (Static) What amount of joint costs would be allocated... [LO 7-6] Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000 instead of $20,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3. What amount of joint costs would be allocated to the three products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (i.e. 24.35%) and final answers to nearest whole dollar amount.) Split-Off 240 960 1,200 2,400 Allocated Joint Cost

Required information SB (Static) The following information relates... [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $100,000, There are no separable processing costs for any of the three products. Brief Exercise 7.20 (Static) What amount of joint costs would be allocated... [LO 7-6] Assume that the total sales value at the split-off point for product 1 is $50,000 instead of $130,000 and the sales value of product 3 is $2,000 instead of $20,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product 3 . What amount of joint costs would be allocated to the three products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (i.e. 24.35\%) and final answers to nearest whole dollar amount.)