eBook Prin Allocating Joint Costs Using the weighted Average Method Orchard Frol, purchases apples from local orchard and aorta them into four catagenes. Grade Acreage blumslr-free apples that can be sold to gourmet fruit well. Gradec are smaller and may be slightly out of proportion. The packed in bus and sold to grocery store. Appia for slits are wan amallar han traces apples and have clamatwa. Apples for apples are of lower grade than apples for allows, yet still suitable for canning. Information on a recent purchase of 20,000 pounds of apples is as follows: Accume that Orchard Froch, Inc., uses the weighted average method of joint cost allocation and has assigned the following weights to the four grades of apples Weight Grade Pounds Factor Grade A 1,200 4.0 grade 4,000 2.0 slices 2,000 1.U 5,200 0.5 2D,CDC Apol Total Total joint cost is $19,000. Required: 1. All the joint cost to the four graden of apples uring the weighted average mathad. Round your location percentages to four decimal places and mind the located costs to the new car Grades Grada Gra Joint Cost Allocation Slices Applesence Total (Note: The joint cost allocation does not equal $19.000 due to rounding.) 2. What the factory hound that Grace Apple ware being valued less by customers and decided to decrease the weight factor for Gracie apples to 3.07 How would that tect the allocation to Grade A apples? How would it affect the alocation cost to the remaining trades? Round your allocation percentage to four decimal places and round the rated cats to the nearest dolla Grades Grado A Joint Cout Allocation Grade B Applie Total (Note: The joint out latindows not equal $19.000 due to rounding.) Check My Work 2 mee Check My Work uses ning Previous Nost