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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 a
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 $180,000. There are no separable processing costs for any of the three products. issume that the total sales value at the split-off point for product 1 is $108,000 instead of $252,000 and the sales value of product 3 is 3,600 instead of $36,000. Assume also that the firm treats product 3 as a joint product and uses the net realizable value method for ccounting for joint costs. There are no separable processing costs for product 3 . What amount of joint costs would be allocated to the ree products using the relative sales value method? (Round your intermediate percentage values to 2 decimal places (i.e. 24.35% ) nd final answers to nearest whole dollar amount.)
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