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[The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total
[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 $105,000. There are no separable processing costs for any of the three products. Sales Value at Split-Off Product Units at Split-Off 1 $ 126,000 200 2 52,500 600 3 31,500 $210,000 1,200 2,000 What percentage of joint cost is allocated to each of the three products using the sales value at split-off method? Product Percent of Sales Value 1 % 2 % 3 %
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