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02 Marks) Mare Company is one of the world's leading som refiners 3 produces two joint products p and corn starch-sing a commos production process.
02 Marks) Mare Company is one of the world's leading som refiners 3 produces two joint products p and corn starch-sing a commos production process. In July 2017, Mane reported the Following production and selling price information Joint costs Ne paralde cost of processing beyond splitoff point Beginning Inventory (cases) Production (cases) Sales (cases) Selling price per case Com syrup Corn starch Join Cont 5.500 $406,340 $97.060 13,000 12.360 551 4,444 $26 $329.000 Required: If the net realizable value (NRV) method is used, what are the approximate joint costs allocated to com syrup and corn starch? (Round intermediary percentages to the nearest hundredth.) Answer Q2: Corn Syrup Corn Starch Total
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