Question
The following information relates to a joint production process for three products, with a total joint production cost of $165,000. There are no separable processing
| The following information relates to a joint production process for three products, with a total joint production cost of $165,000. There are no separable processing costs for any of the three products. |
| Product | Sales Value at Split-Off | Units at Split-Off | ||||
| 1 | $ | 181,500 | 320 | |||
| 2 | 99,000 | 960 | ||||
| 3 | 49,500 | 1,920 | ||||
| $ | 330,000 | 3,200 | ||||
5. value:
0.25 points Required information
| What amount of joint cost is allocated to each of the three products using the relative sales value method? |
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Understanding Financial Accounting
Authors: Christopher D. Burnley
2nd Canadian Edition
1119406927, 978-1119406921
