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! Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with
! Required information [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 $155,000. There are no separable processing costs for any of the three products. Product 1 2 3 Sales Value at Split-Off $ 217,000 46,500 46,500 $ 310,000 Units at Split-Off 450 1,050 1,500 3,000 What percentage of joint cost is allocated to each of the three products using the sales value at split-off method? Product Percent of Sales Value 1 % 2 % 3 %
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