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Required information [The following information applies to the questions displayed below) The following information relates...

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Accounting

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Required information [The following information applies to the questions displayed below) The following information relates to a joint production process for three products, with a total joint production cost of $160,000. There are no separable processing costs for any of the three products. Sales Value at Split-off Split-off $ 240,000 48,000 32,000 1,850 $ 320,000 2,100 Units at Product 1 2 3 420 630 what percentage of joint cost is allocated to each of the three products using the sales value at split-off method? Product Percent of Sales Value 96 56 1 2 3

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