NSP buys soybeans and processes them into other soy products. Each ton of soybeans that NSP purchases for $360 can be converted for an additional $210 into 675 lbs of soy meal and 120 gallons of soy oil. A pound of soy meal can be sold at split off for $1.48 and soy oil can be sold in bulk for $4.25 a gallon.

NSP can process the 675 pounds of soy meal into 775 pounds of soy cookies at an addiotnal cost of $360. Each pound of soy cookies can be sold for $2.48 per pound. The 120 gallons of soy oil can be packaged at a cost of $240 and made into 480 quarts of Soyola. Each quart of soyola can be sold for $1.55.

Read the requirements Requirement t. Alocate the jont cost to the cooks and the Soyola using the co Sales value at spotot method and 0) NRtV method a First allocate the joint cost using the Sales value at splitotf method. (Round the weights to three decimal places and joint costs to the nearest dollar.) Cookies/Soyolal Soy MealSoy OilTotal Sales value of total production at splitoff Weighting Joint costs allocated b. 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 neare Cookies Soyola Total Final sales value of total production Deduct separable costs Net realizable value Weighting Joint costs allocated Enter any number in the edit fields and then continue to the next