2 Company produces product cheese and butter jointly. During October production data as follows: 3 Cheese Butter 4 Gallons at the splitt off point 100,000 150,000 5 October production of final products in gallons 18,000 52,000 6 Additional processing cost 16000$ 30000$ 7 Final sales value per gallon 3.20$ 4.80$ 8 9 10 Milk used during production has a cost of 30,000$ and conversion cost until splitt off point is 26,000$. 11 Determine joint product cost for butter and cheese by using net realizable value method. 12