Runner Products produces two joint products (A and B). Prior to the split-off point, the company incurs costs of $6,110. Product A weighs 29 pounds, and Product B weighs 122 pounds. Product A sells for $97 per pound, and Product B sells for $34 per pound.

Based on relative sales values at the split-off point, allocate joint costs to Products A and B.

Exercise 7-16 Runner Products produces two joint products (A and B). Prior to the split-off point, the company incurs costs of $6,110. Product A weighs 29 pounds, and Product B weighs 122 pounds. Product A sells for $97 per pound, and Product B sells for $34 per pound. Based on relative sales values at the split-off point, allocate joint costs to Producls A and 3. (Round relative sales value proportion to 4 decimal places eg.0.4525 and final answers to 0 decimal places.) P tA roduc $ $ Product B