Interve Soy Picos (SP) bys soybeans and proces them to other soy products. Each son of soybean that TSP purchases for $340 can be converted for an adostional $170 into 575 bs or hoy moal and 120 gations of soyol Apound of so mal can be sold to for $1.24 and soy oil can be sold in bulk for $4.5 pergation TSP con process the 575 pounds of soy meet into 725 pounds of toy cooker at an additional cost of $350) Each pound of soy cookies can be told for 52.24 per pound. The 120 galions of toy ol can be packaged of $250 a 400 g of Soyola. Eadquart of Boyola can be sold for $1,35 Father Regment All the cocks and toolsingel of thodan (O) NRV od in the theme of method found the weight to the Mace and into the nearest data) Cookies Soyo Saya Bay Total al value of products at spill Weighting Joint costs allocated the cost to them and the Soyadondwet in the deace and costs to holar) Cookies Soyola Total Now allocate the joint cost to the cookies and the Soyola using the NRV method. (Round the weights to three decimal places and joint costs to the nearest dollar) Cookies Soyola Total Final sales value of total production Deduct separable costs Net realizable value Weighting Joint costs allocated Requirement 2. Should TSP have processed each of the products further? What effect does the allocation method have on this decision? Begin by calculating the profit or loss that would occur TSP processed the products further. (Uso parenteses or a minus sign for losses) Requirement 2. Should TSP have processed each of the products further? What offect does the allocation method have on this decision? Begin by calculating the profit or loss that would occur il TSP processed the products further. (Use parentheses or a minus sign for losses.) Cookies Soyola Soy Meal Soy Oil Sell at splitoft: Revenue Process further : NRV Profit (Loss) from processing further TSP should process further the soy meal because it increases profit. They should sell as is the soy oil because profit will be higher if they do Since the total joint cost is the same under both location methods, it is not a relevant cost to the decision to solat splitoff or process further