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The Cacao Butter Edibles Factory manufactures and distributes chocolate products. Production and sales data for August 2020 are as follows (assume no beginning inventory):
The Cacao Butter Edibles Factory manufactures and distributes chocolate products. Production and sales data for August 2020 are as follows (assume no beginning inventory): Requirement 1. Calculate how the joint costs of $68,000 would be allocated between chocolate powder and milk chocolate under the different methods. a. Sales value at splitoff method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Sales value of total production at splitoff Joint costs Weighting allocated Chocolate powder Milk chocolate Total b. Allocate the joint costs using the physical measure method. Begin by entering the appropriate amounts to allocate the joint costs. (Round the weighting amounts to four decimal places.) Physical measure of Weighting Chocolate powder Milk chocolate Total total production Joint costs allocated
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