NRV method (show calculations). George Company manufactures Products C and R from a joint process. The total joint costs amount to $90,000. The sales value after Product C is processed further is $140,000 for 8,000 units with $15,000 of separable (additional processing) costs. Product R is also processed further with a final sales value of $30,000 for 2,000 units and requires $5,000 of separable costs. (a) Calculate the NRV for Product C and Product R: NRV for Product C= NRV for Product R= TOTAL NRV (b) Assuming the total joint costs are allocated using the net realizable value method, how much of the joint costs should be allocated to Product C ? Round to the nearest dollar (c) Assuming the total joint costs are allocated using the net realizable value method, how much of the joint costs should be allocated to Product R ? 3. What are the characteristics of a byproduct? And example of a byproduct would be 4. Should joint costs be allocated to byproducts? 5. Allocate the joint costs given below to the appropriate products using the physical units method (show calculations). DiCaprio Company manufactures Products A and B from a Joint Process, which also yields a byproduct, Product X. DiCaprio accounts for the revenues from its byproduct sales as other revenue. Additional information follow