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Net realizable value method. Sweeney 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 2017, Sweeney reported the following production and selling- price information:

Corn Syrup Corn Starch Joint Costs

Joint Costs (costs of processing corn to split-off point) $321,000

Separable cost of processing beyond split-off point $430,560 $94,740

Beginning Inventory (cases) 0 0

Production and Sales (cases) 12,900 6,500

Ending Inventory (cases) 0 0

Selling Price per case $52 $25

Allocate the $321,000 joint costs using the NRV method.

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