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The following information relates to a joint production process for three products, with a total...

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Accounting

The following information relates to a joint production process for three products, with a total joint production cost of $105,000. There are no separable processing costs for any of the three products.

Product Sales Value at Split-Off Units at Split-Off
1 $ 126,000 200
2 52,500 600
3 31,500 1,200
$ 210,000 2,000

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

1%

2%

3%

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