British Columbia Soy Products (BCSP) buys soy beans and processes them into other soy products Each tonne of soy beans that ECSP purchases for $320 can be converted for an additional $190 into 550 lbs ofsoy meal and 80 gallons of soy oil Apouhd of soy meal can be sold at splito tor $'l 32' and soy oil can be sold in bulk form 5 per gallon BCSP can process the 550 lbs of soy meal into 600 lbs of soy cookies at an additional cost of $340 Each pound of soy cookies can be sold for 52 32 per pound The 80 gallons of soy oil can be packaged at a cost of $240 and made into 320 quarts of Soyola Each quart of Soyola can be sold for $1 25 Required 1. Allocate the joint cost to the cookies and the Soyola using a. Sales value at splitoff method b. NRV method 2. Should the company have processed each of the products further? What eect does the allocation method have on this decision'? Requirement 1a. Allocate the joint cost to the cookies and the Soyola usmg the sales value at splitot'f method {Round the weightings to three deCimal places and iomt costs to the nearest dollar} Cookies! Soy Soyolal Soy Meal Oil Total Sales value 01 total production at splitoff Weighting Joint C0515 allocated b. Allocate the Joint cost to the cookies and the Soyola using the net realizable value method (Round the weightings to three decimal places and Joint costs to the nearest dollar,) Cookies Soyala Total Final sales value of total production Deduct separable costs Net realizable value Weighting Joint C0515 allocated