Alocating Joint Cists Using the Ses Value at Soto Method Orchard Fresh the purchases spoles from local orchards and sorts them into four Categories Grade A are we bemish-free apples that can be sold to gourmet fruit sellers Grade 3 apples are smaller and may be slightly out of proportion. These are packed in boxes and sold to grocery stores. Apples for dices are even smaller than Grade 8 apples and have blemishes Apples for apples care of lower grade than apples for cies, yet stilstable for canning Information on a recent purchase of 20,000 pounds of acoles ses fotos: Assume tha Orchard Fresh, Inc, este apl-off method of joint cost allocation and has provided the folowing formation about the four order of apples: Price at Split-on Grades Pounds (peri) Grade 1,700 54.00 Orade 4.000 1.00 Shoes 1.000 0.50 Apie 300 0.10 TOM 20,000 Total Joint cost 122.000 Required 1. Alocate the joint cost to the four det opples using the sales wut-at-split- methodRound your location percentages to four decimal places and round the allocated costs to the nearest dollar Joint Cost Grades Allocation Grade Grade Total 20.000 Total Joint cost is 522.000 Required: 1. Allocate the point cost to the four grades of apples using the sales valuespit off method, Round your location percentages to four decimal places and round the allocated costs to the nearest dolle Joint Cost Grades Allocation Grade A Guide Slices Applesauce Tot 2. What if the price at the off of Grade 200les increased to $1.20 per pound? How would that affect the allocation of coat to Grade apples? How would it affect the allocation of cost to the remaining rates Hount your location percentages to four decimal places and round the located costs to the nearest doar Joint Cost Allocation Grades Grade Gradea soices oples To