(Click the icon to view the production and selling price information.) Required Allocate the $325,000 joint costs using the NRV method (Round the weightings to two decimal places) Final sales value of total production Deduct separable costs NRV at splitoff point Com Syrup Cornstarch Total Production and selling price information I Joint costs (costs of processing corn to splitoff point) Com Syrup Cornstarch Join Separable cost of processing beyond splitoff point S Beginning inventory (cases) Production and sales (cases) Ending inventory (cases) Selling price per case 404.910 S 12.100 0 53 107.590 0 6,600 0 S

(Click the icon to view the production and selling price information.) Required Allocate the $325,000 joint costs using the NRV method (Round the weightings to two decimal places) Final sales value of total production Deduct separable costs NRV at splitoff point Com Syrup Cornstarch Total Production and selling price information I Joint costs (costs of processing corn to splitoff point) Com Syrup Cornstarch Join Separable cost of processing beyond splitoff point S Beginning inventory (cases) Production and sales (cases) Ending inventory (cases) Selling price per case 404.910 S 12.100 0 53 107.590 0 6,600 0 S

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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