octorio.com/secured#lockdown Enabled: Exam III CH20,21,22 Saved Required information [The following information applies to the questions displayed below.] California Orchards reports the following sales data for the year ended December 31. Grade of Walnuts Sales Number 1 $ 472, 500 Number 2 367, 500 Number 210, 000 Total $ 1, 050, 000 The company incurred the following joint costs for the year. Tree pruning and care $ 630, 000 Pickup, sorting, and grading 157 , 500 Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts on the basis of sales value. Allocation of joint costs on the basis of sales values. Grade Allocation Base Percent of Allocation Base x Indirect Cost Allocated Cost Numbers Numerator Denominator % of Total Number 1 Number 2 Number 3 Totals