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 $110,000. There are no separable processing costs for any of the three products. Product 1 2 3 Product 1 2 Sales Value at Split-off $ 143,000 3 55,000 22,000 $ 220,000 Assume that the total sales value at the split-off point for product 1 is $55,000 instead of $143,000 and the sales value of product 3 is $2,200 instead of $22,000. Assume also that, because of its relatively low sales value, the firm treats product 3 as a by-product and uses the asset recognition method for accounting for by-products. What amount of joint cost would be allocated to the products using the sales value at split-off method? Units at Split-off 315 735 1,050 2,100 Allocated Joint Cost

Required information [The following information applies to the questions displayed below] The following information relates to o joint production process for three products, with a total joint production cost of $110.000. There are no seporable processing costs for any of the three products. Assume that the total sales volue ot the split-off point for product 1 is $55,000 insteod of $143,000 and the soles value of product 3 $2,200 insteod of $22,000 Assume also thot, becouse of its relatively low sales value, the firm treats product 3 as o by-product and uses the asset recognition method for occounting for by-products. What omount of joint cost would be allocated to the products usin the sales volve of split-off method