FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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Transcribed Image Text: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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