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

reported the following production and sales price information:

	Corn syrup	Cornstarch	joint costs
Joint costs (corn processing costs up to point of separation)			$328,000
Separable cost of processing beyond the separation point	$ 395,100	$83,100
Beginning inventory (boxes)	0	0
Production and Sales (cases)	12,800	5,700
Ending inventory (boxes)	0	0
Sale price per box	$50	$26

Requirement

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

	Corn syrup	Cornstarch	Total
Final sale value of total production
Deduct separable costs
VRN at the point of separation
Weighing
Joint assigned costs