Berkel Company processes sugar cane into three products. During May, the joint costs of processing were $600,000. Production and sales value information for the month were as follows:
Product | Units Produced | Sales Value at Split-off Point | Separable costs |
Sugar | 15,000 | $200,000 | $60,000 |
Sugar Syrup | 10,000 | 175,000 | 192,000 |
Fructose Syrup | 5,000 | 125,000 | 96,000 |
Required:
Determine the amount of joint cost allocated to each product if the sales value at split-off method is used.