Sugar Cane Company processes sugar beets into three products. During April, the joint costs of processing were $120,000. 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 |
Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.