Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Product 1 2 3 Sales Value at Split-Off $ 189,000 54,000 27,000 $ 270,000 Product 1 2 3 What percentage of joint cost is allocated to each of the three products using the physical units method? Percent of Sales Units Units at Split-Off 260 780 1,560 2,600 % %

Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $135,000. There are no separable processing costs for any of the three products. Product 1 2 3 Sales Value at Split-Off $ 189,000 54,000 27,000 $ 270,000 Product 1 2 3 What percentage of joint cost is allocated to each of the three products using the physical units method? Percent of Sales Units Units at Split-Off 260 780 1,560 2,600 % %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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