Check my work [The following information applies to the questions displayed below.) California Orchards reports the following sales data for the year ended December 31, Crade of Walnuts Sales $ 450,000 300,000 Number 3 187,500 Total $ 937,500 Number 1 Number 2 The company incurred the following joint costs for the year. Tree pruning and care Pickup, sorting, and grading $ 405,000 202,500 Required: 1. Use the value basis to allocate Joint costs to the three grades of walnuts on the basis of sales value. Allocated Cost Allocation of joint costs on the basis of sales values Grado Allocation Base Percent of Allocation Base Indirect Cost Numbers Numerator Denominato % of Total Number 1 $ 450,000 $ 450,000 $ 937,500 48.0% $ 607,500 Number 2 300,000 300,000 937.500 32.0% 607,500 Number 3 187,500 187,500 937,500 20.0% 607,500 Totals $ 937,500 100.0% $ 607,500