Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $63,000 Direct labor 39,000 Overhead 25,000 At the split-off point, a batch yields 1,500 barlon, 2,500 selene, 2,400 plicene, and 3,700 corsol. All products are sold at the split-off point: barlon sells for $18 per unit, selene sells for $23 per unit, plicene sells for $27 per unit, and corsal sells for $39 per unit Required: Allocate the joint costs using the sales-value-at-split-off method. If required, round allocation rates to four decimal places and round the final allocations to the nearest dollar. Allocated Joint Cost Barlon 11,679 X Selene 24,872 x Plicene 28,030 X Corsol 62,419 X Total 127,000 (Note: The total of the allocated cost may not equal actual total costs to due to rounding.) Feedback Chuck My Work 1. Under the Sales-Value-at-Split-off method, the higher the market value, the greater the share of joint cost charged against the product. 2. The weighting factor based on market value at split-off is almost the same as the weighting factor method under physical units. However, here, the weighting factor is based on sales value instead of any other considerations