17-23. NET REALIZABLE VALUE METHOD. Sweeney Company is one of the world's leading corn refiners. It produces two joint productscorn syrup and corn starchusing a common production process. In July 2020, Sweeney reported the following production and selling-price information: Details of the screenshot are as follows: Joint costs (costs of processing corn to splitoff point): $321,000 Separable cost of processing beyond splitoff point Corn syrup: $430,560 Corn starch: $94,740 Beginning inventory (cases) Corn syrup: 0 Corn starch: 0 Production and sales (cases) Corn syrup: 12,900 Corn starch: 6,500 Ending inventory (cases) Corn syrup: 0 Corn starch: 0 Selling price per case Corn syrup: $52 Corn starch: $25 Required 701Allocate the $321,000 joint costs using the NRV method