Sugar Cane Company processes sugar cane into three products. During May, the joint costs of processing were $240,000. Production and sales value information for the month were as follows:
Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.

Question

Sugar Cane Company processes sugar cane into three products. During May, the joint costs of processing were $240,000. Production and sales value information for the month were as follows:
  Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.

Quizplus · Accepted Answer

The Answer of Sugar Cane Company processes sugar cane into three products. During May, the joint costs of processing were $240,000. Production and sales value information for the month were as follows:
  Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.

Sugar Cane Company Processes Sugar Cane into Three Products