20. (Sales value allocation) Elsie Dairy produces milk and sour cream from a joint process. During May, the company produced 120,000 quarts of milk and 160,000 pints of sour cream. Sales value at split-off point was $50,000 for the milk and $110,000 for the sour cream. The milk was assigned $21,600 of the joint cost.

a. Using the sales value at split-off approach, what was the total joint cost for May?

b. Assume, instead, that the joint cost was allocated based on units (quarts)

produced. What was the total joint cost incurred in May?