COST ACCOUNTING;

CoursHeroTranscribedText: 2. 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 2018, Convad reported the following production and selling-price information: Corn Syrup Corn Stratch Joint Costs Joint costs (costs of $325,000 processing corn to splitoff point) Separable cost of $375,000 $93,750 processing beyond splitoff point Beginning inventory 0 0 (cases) Production and Sales 12,500 6,250 (cases) Ending inventory 0 0 (cases) Selling price per case $50 $25 Allocate the $325,000 joint costs using the NRV method