Two products, wood chips and fiberboard, come out of a joint process costing $420,000 per year. The

Question:

Two products, wood chips and fiberboard, come out of a joint process costing $420,000 per year. The sales value of the wood chips is $260,000 per year. The sales value of the fiberboard is $780,000 per year. Use the relative sales value method to allocate the joint costs of the joint process to the products. (Round your answer.)