A dairy company processed raw milk for $63,000. This raw milk can be converted into the following types of milk with listed sales values. Joint Products Sales Value l.~.|hole milk $ 28,096 296 milk 44,806 Skim milk 39,206 Total 5 1123399 Use the sales value basis to [1} allocate the total cost of the raw milk to each type of milk and [2} determine the gross profit for each type of milk. smm-Ik _=I=