Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information...
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Accounting
Breakfasttime Cereal Company manufactures two breakfast cereals in a joint process. Cost and quantity information is as follows:
| Quantity at | Sales Price | ||||||||||||
| Joint Cost | Cereal | Split-Off Point | per Kilogram | ||||||||||
| $ | 107,000 | Yummies | 13,700 | kilograms | $ | 7.70 | |||||||
| Crummies | 9,700 | kilograms | 9.20 | ||||||||||
Required: Use the relative-sales-value method to allocate Breakfasttime Cereal Companys joint production cost between Yummies and Crummies. (Round intermediate calculations of Relative Proportions to 3 decimal places and final answers to the nearest dollar amount.)
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