Cisco Company manufactures three products, A, B & C. These three products are created through a joint process that costs $26,000. The following data is provided for the three products: What is the amount of joint costs assigned to Product C using the sales-value-at-split-off method? (Round the nearest whole dollar)
A)$1,212.
B)$7,429.
C)$8,667.
D)$19,810.

Question

Cisco Company manufactures three products, A, B & C. These three products are created through a joint process that costs $26,000. The following data is provided for the three products:  What is the amount of joint costs assigned to Product C using the sales-value-at-split-off method? (Round the nearest whole dollar)
A)$1,212. 
B)$7,429. 
C)$8,667. 
D)$19,810.

Quizplus · Accepted Answer

$3,000 ÷ ($2,500 + $5,000 + $3,000) x $26,000 = $7,429. C sales value. ÷ (A sales value. + B Sales value. + C sales value.) x joint costs

Cisco Company Manufactures Three Products, A, B & C