2. Grease Company is one of the world's leading corn refiners. It produces two joint productscorn syrup and corn starch using 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 $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