2. 17-23. NET REALIZABLE VALUE METHOD. Sweeney Company is one of the worlds 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:

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

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline & Home & Insert & Page Layout & Formulas & Data & Review & View & & \\ \hline & \multicolumn{6}{|c|}{ A } & B & C & D \\ \hline 1 & & & & & & & Corn Syrup & Corn Starch & Joint Costs \\ \hline 2 & \multicolumn{6}{|c|}{ Joint costs (costs of processing corn to splitoff point) } & & & $321,000 \\ \hline 3 & \multicolumn{6}{|c|}{ Separable cost of processing beyond splitoff point } & $430,560 & $94,740 & \\ \hline 4 & \multicolumn{6}{|c|}{ Beginning inventory (cases) } & 0 & 0 & \\ \hline 5 & \multicolumn{6}{|c|}{ Production and Sales (cases) } & 12,900 & 6,500 & \\ \hline 6 & \multicolumn{6}{|c|}{ Ending inventory (cases) } & 0 & 0 & \\ \hline 7 & \multicolumn{6}{|c|}{ Selling price per case } & 52 & 25 & \\ \hline \end{tabular}