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The following information relates to a joint production process for three products, with a total joint production cost of $ 1 6 0 , 0
The following information relates to a joint production process for three products, with a total joint production cost of $ There are no separable processing costs for any of the three products.
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Assume that the total sales value at the splitoff point for product is $ instead of $ and the sales value of product is $ instead of $ Assume also that the firm treats product as a joint product and uses the net realizable value method for accounting for joint costs. There are no separable processing costs for product What amount of joint costs would be allocated to the three products using the relative sales value method? Round your intermediate percentage values to decimal places ie and final answers to nearest whole dollar amount.
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