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 Whole milk 2 milk Skim milk Total Sales Value $ 28,000 44,800 39,200 $ 112,000 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 Joint Products Sales Value Allocated Cost Gross Profit Numerator Percent of Total Denominator % of Total Whole milk 0 0 2% mix Skim milk Totals 0 $ 0 $ 0 $ 0