Require the following information about a joint production process for three products, with a total joint production cost of $100,000. There are no separable processing costs for any of the three products.
Product | Sales Value at Split-Off | Units at Split-Off |
1 | $130,000 | 240 |
2 | 50,000 | 960 |
3 | 20,000 | 1,200 |
| $200,000 | 2,400 |
Assume the same as in 7-19 above except that product 3 is treated as a joint product. What amount of joint costs would be allocated to the three products using the relative sales value method?
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