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2. Grease Company is one of the world's leading corn refiners. It produces two joint products-com syrup and corn starchusing a common production process. In

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2. Grease Company is one of the world's leading corn refiners. It produces two joint products-com syrup and corn starchusing a common production process. In July 2012, Grease reported the following production and selling price information: Corn Syrup Joint costs (up to split-off) Separable costs Production and Sales (cases) Selling price per case $375,000 12,500 $50 Corn Starch Joint Costs RRRR$325,000 $93,750 6,250 $25 Required: Allocate the $325,000 joint costs using the NRV method. (10 pts) b. Constant Gross Margin % NRV method (15 pts) a

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