Blossom Inc. operates a lumber yard, Blossom purchases the raw materials for $50100 and incurs additional processing costs of $35100 to obtain three observable joint products. Further processing and final sales values for the products are as follows: What is the amount of joint costs assigned to the 25ft board using the net realizable value (NRV) method? $25493. $26835. $40000. $21468 Sandhill produces two joint products, Coconut Milk and Coconut Meat. The company uses the leftover Coconut Skin as a by-product. All three are produced from joint costs of $75200 : direct materials amounting to $57900 and another $17300 for direct labor and manufacturing overhead. Beginning inventory for all three products is zero. Information for production of the product is as follows: How much in joint costs should be allocated to the by-product, using the production method? $2600 $4130 I\$. $2150. What is the most important purpose of a balanced scorecard? Measure performance. Develop cause-and-effect linkages. Develop strategy. Set priorities