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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.
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 $120,000Step by Step Solution
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