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BusinessCourse Return to course Course Content Chapter Chapter Homewok Finish attempt eBook Print Question Answer saved Marked out of Flag question Sales value and physical value allocation ToGo produces milk and sour cream from a joint process. During June, the company produced quarts of milk and pints of sour cream there are two pints in a quart Sales value at splitoff point was $ for the milk and $ for the sour cream. The milk was assigned $ of the joint cost. Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar. a Using the sales value at splitoff approach, determine the total joint cost for June. $ b Assume, instead, that the joint cost was allocated based on the number of quarts produced. What was the total joint cost incurred in June? $ 
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Sales value and physical value allocation
ToGo produces milk and sour cream from a joint process. During June, the company produced quarts of milk and pints of sour cream there are two pints in a quart Sales value at splitoff point was $ for the milk and $ for the sour cream. The milk was assigned $ of the joint cost.
Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar.
a Using the sales value at splitoff approach, determine the total joint cost for June. $
b Assume, instead, that the joint cost was allocated based on the number of quarts produced. What was the total joint cost incurred in June? $
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