The Berkley Corporation Manufactures Widgets from a joint product
	Widgets	Gizmos	Turnbols
June Production	5,000	8,750	10,000
Unit selling price at split off	$ 75.00	$ 50.00	$ 25.00

a) Joint costs up to the split off point are $187,500.

b) If joint costs are allocated based upon the sales value at split off, what amount of joint costs will be allocated to the widgets?

c) Explain the difference between a joint product and a byproduct. Can a byproduct ever become a joint product? Also, can a joint product ever become a byproduct?