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Determine the amount of joint cost allocated to each product

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Reference no: EM132638501

SugarRay Inc. processes cane sugar into three products. During June the joint costs of processing were $240,000. Production and sales value information for the month were as follows:

Sales Value at

UnitsSplit off Separable  Product  Produced   Sales Value

Costs Sugar        12,000             $80,000            $24,000

Sugar syrup          8,000             $70,000              $64,000

Fructose syrup       4,000                $50,000          $32,000

Question 1: Determine the amount of joint cost allocated to each product if the physical measure method is used.

Question 2: Determine the amount of joint cost allocated to each product if the net realizable value method is used.

Reference no: EM132638501

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