Convad Company is one of the world's leading corn refiners. It produces two joint productscorn syrup and corn starchusing a common production process. In July 2014,Convad

reported the following production and selling-price information:

	Corn Syrup	Corn Starch	Joint Costs
Joint costs (costs of processing corn to splitoff point)			$328,000
Separable cost of processing beyond splitoff point	$395,100	$83,100
Beginning inventory (cases)	0	0
Production and Sales (cases)	12,800	5,700
Ending inventory (cases)	0	0
Selling price per case	$50	$26

Requirement

Allocate the $328,000 joint costs using the NRV method. (Round the weights to two decimal places.)

	Corn syrup	Corn starch	Total
Final sales value of total production
Deduct separable costs
NRV at splitoff point
Weighting
Joint costs allocated