California Orchards reports the following sales data for the year ended December 31 Grade of Walnuts Number 1 Number 2 Number 3 Total Sales $ 450,000 300,000 187,500 $ 937,500 The company incurred the following joint costs for the year. Tree pruning and care $ 405,000 Pickup, sorting, and grading 202,500 Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts on the basis of sales value. * Indirect Cost Allocated Cost Allocation of Joint costs on the basis of sales values Grade Allocation Base Porcent of Allocation Base Numbers Numerator Denominator % of Total Number 1 Number 2 Number 3 0 0 0 0 Totals 0