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1 7 - 2 3 Net realizable value method. Stenback Company is one of the world's leading corn refiners. It produces two joint products -

17-23 Net realizable value method. Stenback Company is one of the world's leading corn refiners. It produces two joint products-corn syrup and corn starch-using a common production process. In July 2020, Stenback reported the following production and selling-price information:
Allocate the $329,000 joint costs using the NRV method.
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