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: ProductUnits ProducedSales Value at Split-off Point Separable costsSugar15,000$200,000$60,000Sugar Syrup10,000175,000192,000Fructose Syrup5,000125,00096,000 Determine the amount of joint cost allocated to each product if the sales value at split-off method is used.

Joint production process: A joint production process results in two or more products, called as…

Answered: Berkel Company processes sugar cane…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products

Section: Chapter Questions

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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

Determine the amount of joint cost allocated to each product if the sales value at split-off method is used.

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