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This is a cost accounting problem. Please show all work. Please hand write work out. Sugar Cane Company processes sugar beets into three products. During

This is a cost accounting problem. Please show all work. Please hand write work out.image text in transcribed

Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $120,000. Production and sales value information for the month were as follows: Product Sugar Sugar Syrup 1 Fructose Syrup Units Produced Splitoft Point leed Sales Value at 6,000 $40,000 4,000 4,000 35,000 2,000 25,000 Separable costs $12.000 32,000 16,000 Required: Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used. Answer: Product Sugar Sugar Syrup Fructose Syrup Total Units 6,000 4,000 2.000 Sales Value $40,000 35,000 25,00d $100,000 Percent 40% 35% 25% 25% 100% Joint Cost $120,000 120,000 120,000 Allocated $48,000 42,000 30,000 $120,000

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