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10 points) possible K The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected
10 points) possible K The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June Direct Materials processed: 20,500 gallons (after shrinkage) Production: Butter Cream Condensed Milk 9,500 gallons 11,000 gallons Sales: Butter Cream 9,000 gallons Condensed Milk 10,500 gallons Sales Price: Butter Cream $5.50 per gallon Condensed Milk $9.50 per gallon Separable costs in Butter Cream $15,000 total Condensed Milk $35,400 The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 20,500 gallons of saleable product was $52,000 The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.) OA $19,135 OB. $32.870 OC. $15,000 OD. $35,400
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