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Corn Syrup Corn Starch Joint Costs Joint costs (costs of processing corn to splitoff point) Separable cost of processing beyond splitoff point Beginning inventory (cases)
Corn Syrup Corn Starch Joint Costs Joint costs (costs of processing corn to splitoff point) Separable cost of processing beyond splitoff point Beginning inventory (cases) Production and Sales (cases) Ending inventory (cases) Selling price per case Requirement Allocate the S322,000 joint costs using the NRV method. (Round the weights to two decimal places.) $ 322,000 $375,000 93,750 12,500 6,250 50 S 25 Corn syrup Corn starch Total Final sales value of total production Deduct separable costs NRV at splitoff point Weighting Joint costs allocated
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