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Joint cost allocation; sell or process further In a joint process, Wear Art produces...

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Accounting

Joint cost allocation; sell or process further
In a joint process, Wear Art produces precut fabrics for three products: dresses, jackets, and blouses. Joint cost is allocated on the basis of relative sales value at split-off. The company can choose to process each of the products further rather than sell the fabric at split-off. Information related to these products follows.
\table[[,Dresses,Jackets,Blouses,Total],[Number of units produced,20,000,32,000,12,000,64,000],[Joint cost allocated,?,$276,000,?,$720,000
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