Reference no: EM132561988

Garrison Co. produces three products - X, Y, and Z - from a joint process. Each product may be sold at the split-off point or processed further. Additional processing requires no special facilities, and production costs of further processing are entirely variable and traceable to the products involved. Last year all three products were processed beyond split-off. Joint production costs for the year were $120,000. Sales values and costs needed to evaluate Garrison's production policy follow.

Units Sales Value at If Processed Further 

Product Produced Split Off  Sales Value Additional Costs

x6,000     $40,000              $80,000         $1,200

y3,000       15,000             40,000            3,000

z1,000        16,000             30,000              1,500

Question 1: The amount of joint costs allocated to product Z using the physical measure method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar):