Kemp Company manufactures three products from a joint process. Joint costs for the year amounted to $250,000. The following data was available:
Product Units Produced Sales Value at Split-off
X 5,000 $70,000
Y 3,000 $30,000
Z 2,000 $100,000
Assume the relative-sales-value method of allocating joint costs is used. What amount of joint costs is allocated to Product Y?
A) $30,000
B) $37,500
C) $75,000
D) $250,000
B
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