12) Sugar Cane Company processes sugar beets into three products. During April, the jointcosts of processing were $120,000. Production and sales value information for the month12)were as follows:UnitsSales Value atSeparableProductSplitoff Point$40,000ProducedcostsSugarSugar SyrupFructose Syrup6,000$12,0004,00035,00032,0002,00025,00016,000Required:Determine the amount of joint cost allocated to each product if the sales value at splitoffmethod is used.

Computation of joint cost allocated based on split off is shown below :

Answered: Determine the amount of joint cost…

Business

Accounting

Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

12) 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
12)
were as follows:
Units
Sales Value at
Separable
Product
Splitoff Point
$40,000
Produced
costs
Sugar
Sugar Syrup
Fructose Syrup
6,000
$12,000
4,000
35,000
32,000
2,000
25,000
16,000
Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff
method is used.

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