Sugar Cane Company processes sugar beets into three products. During September, the joint costs of...
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Sugar Cane Company processes sugar beets into three products. During September, the joint costs of processing were $150,000. Production and sales value information for the month were as follows: Product Units Produced Sales Value at Splitoff Point Separable costs Sugar 6,000 $40,000 $12,000 Sugar Syrup 4,000 35,000 32,000 Fructose Syrup 2,000 25,000 16,000 A Required: Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used
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